Sensient Technologies Co. (NYSE:SXT) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Sensient Technologies Co. (NYSE:SXT) by 22.3% during the third quarter, HoldingsChannel.com reports. The firm owned 99,938 shares of the specialty chemicals company’s stock after buying an additional 18,235 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sensient Technologies were worth $8,017,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Sensient Technologies by 3.7% in the 3rd quarter. State Street Corp now owns 1,694,114 shares of the specialty chemicals company’s stock valued at $135,902,000 after buying an additional 60,622 shares in the last quarter. Barclays PLC grew its position in Sensient Technologies by 309.3% in the third quarter. Barclays PLC now owns 77,260 shares of the specialty chemicals company’s stock worth $6,197,000 after acquiring an additional 58,386 shares in the last quarter. Algert Global LLC acquired a new position in shares of Sensient Technologies during the 2nd quarter worth $4,218,000. Dimensional Fund Advisors LP increased its stake in shares of Sensient Technologies by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company’s stock worth $89,683,000 after purchasing an additional 39,290 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Sensient Technologies by 124.0% during the 3rd quarter. FMR LLC now owns 59,223 shares of the specialty chemicals company’s stock valued at $4,751,000 after purchasing an additional 32,784 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Sensient Technologies Stock Up 1.8 %

Shares of SXT stock opened at $69.50 on Wednesday. Sensient Technologies Co. has a twelve month low of $55.02 and a twelve month high of $82.99. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 33.25 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.47 and a current ratio of 3.74. The stock’s 50 day simple moving average is $75.42 and its 200 day simple moving average is $75.98.

Sensient Technologies (NYSE:SXT) last posted its earnings results 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 business had revenue of $392.61 million for the quarter, compared to analyst estimates of $390.64 million. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. Sensient Technologies’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.75 EPS. As a group, research analysts predict that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently disclosed 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 was Monday, November 4th. This represents a $1.64 annualized dividend and a dividend yield of 2.36%. Sensient Technologies’s dividend payout ratio is presently 78.47%.

Insider Buying and Selling

In related news, insider Michael C. Geraghty sold 4,000 shares of the company’s stock in a transaction 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 directly owns 36,518 shares in the company, valued at $2,938,968.64. This represents a 9.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by insiders.

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.