Sensient Technologies Co. (NYSE:SXT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Sensient Technologies Co. (NYSE:SXT - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 490,927 shares of the specialty chemicals company's stock after selling 9,951 shares during the quarter. Bank of New York Mellon Corp owned about 1.16% of Sensient Technologies worth $34,983,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SXT. State Street Corp raised its position in Sensient Technologies by 3.7% during the third quarter. State Street Corp now owns 1,694,114 shares of the specialty chemicals company's stock valued at $135,902,000 after acquiring an additional 60,622 shares in the last quarter. Barclays PLC raised its position in Sensient Technologies by 309.3% during the third quarter. Barclays PLC now owns 77,260 shares of the specialty chemicals company's stock valued at $6,197,000 after acquiring an additional 58,386 shares in the last quarter. FMR LLC raised its position in Sensient Technologies by 124.0% during the third quarter. FMR LLC now owns 59,223 shares of the specialty chemicals company's stock valued at $4,751,000 after acquiring an additional 32,784 shares in the last quarter. Citigroup Inc. raised its position in Sensient Technologies by 88.4% during the third quarter. Citigroup Inc. now owns 55,880 shares of the specialty chemicals company's stock valued at $4,483,000 after acquiring an additional 26,219 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position 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 valued at $4,704,000 after acquiring an additional 23,474 shares in the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

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Sensient Technologies Price Performance

Shares of Sensient Technologies stock traded up $1.84 on Friday, reaching $73.17. The company's stock had a trading volume of 392,884 shares, compared to its average volume of 220,691. The company has a market capitalization of $3.10 billion, a P/E ratio of 24.89 and a beta of 0.71. Sensient Technologies Co. has a 52-week low of $66.14 and a 52-week high of $82.99. The stock has a 50-day moving average price of $72.44 and a 200-day moving average price of $75.34. The company has a quick ratio of 1.34, a current ratio of 3.55 and a debt-to-equity ratio of 0.58.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The specialty chemicals company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. The business had revenue of $376.40 million during the quarter, compared to analysts' expectations of $375.10 million. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The business's revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. Analysts expect that Sensient Technologies Co. will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 4th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Tuesday, February 4th. Sensient Technologies's dividend payout ratio is presently 55.78%.

Analyst Ratings Changes

Separately, StockNews.com cut Sensient Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

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.