Bank of New York Mellon Corp Has $36.08 Million Stake in Sensient Technologies Co. (NYSE:SXT)

Bank of New York Mellon Corp raised its holdings in Sensient Technologies Co. (NYSE:SXT – Get Rating) by 2.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 520,261 shares of the specialty chemicals company’s stock after purchasing an additional 10,332 shares during the period. Bank of New York Mellon Corp’s holdings in Sensient Technologies were worth $36,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SXT. BlackRock Inc. boosted its holdings in Sensient Technologies by 2.7% during the third quarter. BlackRock Inc. now owns 4,860,502 shares of the specialty chemicals company’s stock valued at $337,028,000 after purchasing an additional 125,587 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Sensient Technologies during the third quarter valued at $76,000. Cubist Systematic Strategies LLC grew its holdings in shares of Sensient Technologies by 27.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 41,107 shares of the specialty chemicals company’s stock worth $2,850,000 after purchasing an additional 8,864 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Sensient Technologies by 22.2% in the 3rd quarter. Guggenheim Capital LLC now owns 25,936 shares of the specialty chemicals company’s stock worth $1,798,000 after purchasing an additional 4,709 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in Sensient Technologies by 18.1% during the 3rd quarter. Penserra Capital Management LLC now owns 5,720 shares of the specialty chemicals company’s stock valued at $396,000 after purchasing an additional 875 shares during the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

Sensient Technologies Price Performance

NYSE:SXT opened at $69.41 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 3.43 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2.92 billion, a PE ratio of 20.78 and a beta of 0.90. Sensient Technologies Co. has a 12 month low of $63.17 and a 12 month high of $89.34. The company’s 50-day moving average price is $75.22 and its two-hundred day moving average price is $73.78.

Sensient Technologies (NYSE:SXT – Get Rating) last released its quarterly earnings results on Friday, February 10th. The specialty chemicals company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.06). Sensient Technologies had a return on equity of 14.35% and a net margin of 9.80%. The business had revenue of $348.70 million for the quarter, compared to the consensus estimate of $352.42 million. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis.

Sensient Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 7th were issued a $0.41 dividend. The ex-dividend date was Monday, February 6th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.36%. Sensient Technologies’s dividend payout ratio is 49.10%.

Sensient Technologies Profile

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Sensient Technologies Corp. engages in the manufacture of colors, flavors, and fragrances. It operates through the following segments: Flavors and Fragrances Group, Color Group, and Asia Pacific Group. The Flavors and Fragrances segment includes beverage flavors, bionutrients, savory flavors, sweet flavors, natural ingredients, and fragrance compounds and ingredients.