Franklin Resources Inc. Purchases 160 Shares of Sensient Technologies Co. (NYSE:SXT)

Franklin Resources Inc. boosted its stake in Sensient Technologies Co. (NYSE:SXT) by 4.8% during the third quarter, Holdings Channel reports. The institutional investor owned 3,462 shares of the specialty chemicals company’s stock after buying an additional 160 shares during the period. Franklin Resources Inc.’s holdings in Sensient Technologies were worth $270,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Kimelman & Baird LLC bought a new stake in shares of Sensient Technologies during the second quarter worth $1,287,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Sensient Technologies by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 590,149 shares of the specialty chemicals company’s stock valued at $47,342,000 after purchasing an additional 7,235 shares during the period. Robeco Schweiz AG boosted its holdings in shares of Sensient Technologies by 12.1% during the 2nd quarter. Robeco Schweiz AG now owns 112,640 shares of the specialty chemicals company’s stock worth $8,357,000 after buying an additional 12,150 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Sensient Technologies in the second quarter valued at $531,000. Finally, Verition Fund Management LLC bought a new position in Sensient Technologies in the third quarter worth approximately $635,000. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Trading Up 0.4 %

Shares of SXT opened at $71.26 on Thursday. Sensient Technologies Co. has a twelve month low of $55.02 and a twelve month high of $82.99. The business’s 50-day moving average price is $76.63 and its 200-day moving average price is $76.26. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.02 billion, a PE ratio of 34.10 and a beta of 0.76.

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

Sensient Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.64 annualized dividend and a yield of 2.30%. Sensient Technologies’s payout ratio is 78.47%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Sensient Technologies news, insider Michael C. Geraghty sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $80.48, for a total transaction of $321,920.00. Following the completion of the transaction, the insider now 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

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.