Brandes Investment Partners LP Sells 5,273 Shares of Sensient Technologies Co. (NYSE:SXT)

Brandes Investment Partners LP trimmed its position in Sensient Technologies Co. (NYSE:SXT - Free Report) by 31.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,387 shares of the specialty chemicals company's stock after selling 5,273 shares during the period. Brandes Investment Partners LP's holdings in Sensient Technologies were worth $811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in shares of 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 worth $135,902,000 after acquiring an additional 60,622 shares in the last quarter. Geode Capital Management LLC increased its stake in Sensient Technologies by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 961,455 shares of the specialty chemicals company's stock worth $77,143,000 after purchasing an additional 15,868 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Sensient Technologies by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 601,033 shares of the specialty chemicals company's stock worth $42,830,000 after buying an additional 10,884 shares during the period. Principal Financial Group Inc. lifted its stake in Sensient Technologies by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 215,895 shares of the specialty chemicals company's stock valued at $15,385,000 after buying an additional 6,984 shares in the last quarter. Finally, Robeco Schweiz AG boosted its holdings in shares of Sensient Technologies by 34.9% in the fourth quarter. Robeco Schweiz AG now owns 158,329 shares of the specialty chemicals company's stock valued at $11,283,000 after buying an additional 40,989 shares during the period. Institutional investors own 90.86% of the company's stock.

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Sensient Technologies Stock Up 0.4 %

Shares of SXT stock traded up $0.27 on Thursday, hitting $74.15. 290,470 shares of the stock were exchanged, compared to its average volume of 228,248. The company has a current ratio of 3.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3.14 billion, a P/E ratio of 25.22 and a beta of 0.71. Sensient Technologies Co. has a fifty-two week low of $66.14 and a fifty-two week high of $82.99. The business has a 50-day moving average of $72.92 and a 200 day moving average of $75.21.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The firm had revenue of $376.40 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. Equities analysts anticipate that Sensient Technologies Co. will post 3.1 EPS for the current year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 4th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Tuesday, February 4th. Sensient Technologies's dividend payout ratio (DPR) is currently 55.78%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sensient Technologies from a "hold" rating to a "buy" rating in a report on Friday, March 14th.

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.