Bank of New York Mellon Corp Sells 9,951 Shares of Sensient Technologies Co. (NYSE:SXT)

Bank of New York Mellon Corp cut its position in shares of Sensient Technologies Co. (NYSE:SXT) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 490,927 shares of the specialty chemicals company’s stock after selling 9,951 shares during the period. Bank of New York Mellon Corp owned about 1.16% of Sensient Technologies worth $34,983,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Sensient Technologies during the fourth quarter worth $65,000. KBC Group NV lifted its position in shares of Sensient Technologies by 77.3% in the fourth quarter. KBC Group NV now owns 1,787 shares of the specialty chemicals company’s stock valued at $127,000 after buying an additional 779 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Sensient Technologies by 32.0% during the fourth quarter. SG Americas Securities LLC now owns 2,229 shares of the specialty chemicals company’s stock worth $159,000 after purchasing an additional 541 shares during the period. Blue Trust Inc. increased its stake in Sensient Technologies by 37.0% during the 4th quarter. Blue Trust Inc. now owns 2,619 shares of the specialty chemicals company’s stock worth $187,000 after acquiring an additional 707 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of Sensient Technologies in the 3rd quarter valued at $210,000. Institutional investors and hedge funds own 90.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Sensient Technologies Stock Performance

Shares of Sensient Technologies stock opened at $73.17 on Friday. The company has a market cap of $3.10 billion, a PE ratio of 24.89 and a beta of 0.71. The company has a quick ratio of 1.34, a current ratio of 3.55 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $72.43 and a 200-day moving average price of $75.32. Sensient Technologies Co. has a 52 week low of $66.14 and a 52 week high of $82.99.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The company had revenue of $376.40 million for the quarter, compared to the consensus estimate of $375.10 million. During the same quarter last year, the business posted $0.51 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Sensient Technologies Co. will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 4th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.64 annualized dividend and a yield of 2.24%. Sensient Technologies’s payout ratio is 55.78%.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.