Vanguard Group Inc. Buys 457,446 Shares of Sensient Technologies Co. (NYSE:SXT)

Vanguard Group Inc. raised its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,325,028 shares of the specialty chemicals company’s stock after acquiring an additional 457,446 shares during the period. Vanguard Group Inc. owned about 12.60% of Sensient Technologies worth $311,408,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SXT. Mackenzie Financial Corp lifted its position in shares of Sensient Technologies by 5.1% during the first quarter. Mackenzie Financial Corp now owns 2,573 shares of the specialty chemicals company’s stock valued at $216,000 after purchasing an additional 124 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Sensient Technologies by 2.0% in the first quarter. Panagora Asset Management Inc. now owns 6,516 shares of the specialty chemicals company’s stock valued at $547,000 after acquiring an additional 127 shares in the last quarter. State of Wyoming increased its position in shares of Sensient Technologies by 23.3% during the fourth quarter. State of Wyoming now owns 720 shares of the specialty chemicals company’s stock valued at $53,000 after acquiring an additional 136 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in Sensient Technologies by 2.4% during the first quarter. First Republic Investment Management Inc. now owns 6,678 shares of the specialty chemicals company’s stock worth $561,000 after acquiring an additional 156 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its position in Sensient Technologies by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 14,181 shares of the specialty chemicals company’s stock worth $1,009,000 after purchasing an additional 189 shares during the last quarter. 90.86% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Trading Up 2.0 %

Shares of Sensient Technologies stock opened at $68.86 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.96 and a quick ratio of 1.43. The firm has a market cap of $2.92 billion, a PE ratio of 31.02 and a beta of 0.79. The stock has a fifty day moving average price of $65.18 and a 200-day moving average price of $61.93. Sensient Technologies Co. has a 1 year low of $52.90 and a 1 year high of $78.70.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). Sensient Technologies had a return on equity of 11.52% and a net margin of 6.41%. The firm had revenue of $349.30 million for the quarter, compared to the consensus estimate of $371.10 million. During the same period last year, the company posted $0.64 EPS. The business’s revenue was up .2% on a year-over-year basis. Equities research analysts anticipate that Sensient Technologies Co. will post 2.95 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Monday, February 5th. Sensient Technologies’s payout ratio is 73.87%.

Sensient Technologies Profile

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.