Barclays PLC Increases Stock Holdings in Sensient Technologies Co. (NYSE:SXT)

Barclays PLC lifted its holdings in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) by 309.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,260 shares of the specialty chemicals company's stock after purchasing an additional 58,386 shares during the quarter. Barclays PLC owned about 0.18% of Sensient Technologies worth $6,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp raised its position in Sensient Technologies by 3.7% in 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 purchasing an additional 60,622 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Sensient Technologies by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company's stock valued at $89,683,000 after buying an additional 39,290 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 buying an additional 7,235 shares during the period. Bank of New York Mellon Corp lifted its stake in Sensient Technologies by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company's stock worth $40,211,000 after acquiring an additional 27,967 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Sensient Technologies by 2.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 206,288 shares of the specialty chemicals company's stock valued at $15,304,000 after acquiring an additional 5,400 shares during the period. 90.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, insider Michael C. Geraghty sold 4,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total value of $321,920.00. Following the transaction, the insider now owns 36,518 shares of the company's stock, valued at $2,938,968.64. This represents a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

Sensient Technologies Stock Up 0.5 %

SXT stock traded up $0.34 during midday trading on Friday, hitting $73.34. The company's stock had a trading volume of 557,068 shares, compared to its average volume of 176,241. The firm has a 50-day simple moving average of $77.61 and a 200-day simple moving average of $76.51. The firm has a market capitalization of $3.11 billion, a P/E ratio of 35.09 and a beta of 0.76. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58. Sensient Technologies Co. has a 52-week low of $55.02 and a 52-week high of $82.99.

Sensient Technologies (NYSE:SXT - Get Free Report) last released 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 firm had revenue of $392.61 million during the quarter, compared to analyst estimates of $390.64 million. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. 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 earnings per share. As a group, equities analysts forecast that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a $0.41 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.64 annualized dividend and a yield of 2.24%. Sensient Technologies's dividend payout ratio (DPR) is 78.47%.

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.