Intech Investment Management LLC Makes New $471,000 Investment in Sensient Technologies Co. (NYSE:SXT)

Intech Investment Management LLC purchased a new stake in Sensient Technologies Co. (NYSE:SXT) in the third quarter, Holdings Channel.com reports. The fund purchased 5,876 shares of the specialty chemicals company’s stock, valued at approximately $471,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Sensient Technologies by 135.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,059 shares of the specialty chemicals company’s stock valued at $1,850,000 after acquiring an additional 13,279 shares during the period. Thrivent Financial for Lutherans raised its holdings in Sensient Technologies by 66.7% during the third quarter. Thrivent Financial for Lutherans now owns 58,643 shares of the specialty chemicals company’s stock worth $4,704,000 after purchasing an additional 23,474 shares during the last quarter. Chesapeake Capital Corp IL boosted its position in Sensient Technologies by 18.1% during the third quarter. Chesapeake Capital Corp IL now owns 8,143 shares of the specialty chemicals company’s stock worth $649,000 after purchasing an additional 1,246 shares in the last quarter. Versor Investments LP purchased a new position in shares of Sensient Technologies in the third quarter valued at $345,000. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Sensient Technologies by 5.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 26,377 shares of the specialty chemicals company’s stock worth $2,116,000 after buying an additional 1,332 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th.

Insider Activity at Sensient Technologies

In other Sensient Technologies news, insider Michael C. Geraghty sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total value of $321,920.00. Following the sale, the insider now directly owns 36,518 shares of the company’s stock, valued at approximately $2,938,968.64. This trade represents a 9.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Sensient Technologies Trading Up 1.0 %

Shares of Sensient Technologies stock opened at $78.45 on Tuesday. Sensient Technologies Co. has a 1 year low of $55.02 and a 1 year high of $82.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.74 and a quick ratio of 1.47. The business has a 50 day moving average price of $77.91 and a 200 day moving average price of $76.38. The company has a market capitalization of $3.32 billion, a P/E ratio of 37.15 and a beta of 0.76.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $392.61 million for the quarter, compared to the consensus estimate of $390.64 million. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 earnings per share. Sell-side analysts anticipate that Sensient Technologies Co. will post 2.82 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, November 4th. Sensient Technologies’s dividend payout ratio is presently 78.47%.

Sensient Technologies Company 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.