Connor Clark & Lunn Investment Management Ltd. Has $1.85 Million Stake in Sensient Technologies Co. (NYSE:SXT)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Sensient Technologies Co. (NYSE:SXT - Free Report) by 135.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,059 shares of the specialty chemicals company's stock after buying an additional 13,279 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of Sensient Technologies worth $1,850,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in 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 in the last quarter. Bank of New York Mellon Corp raised 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 valued at $40,211,000 after buying an additional 27,967 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Sensient Technologies by 2.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 206,288 shares of the specialty chemicals company's stock worth $15,304,000 after buying an additional 5,400 shares during the period. Robeco Schweiz AG raised its position in Sensient Technologies by 12.1% in the 2nd quarter. Robeco Schweiz AG now owns 112,640 shares of the specialty chemicals company's stock worth $8,357,000 after purchasing an additional 12,150 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in shares of Sensient Technologies by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 93,226 shares of the specialty chemicals company's stock valued at $6,916,000 after purchasing an additional 6,621 shares in the last quarter. Institutional investors own 90.86% of the company's stock.

Insider Transactions at Sensient Technologies

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 stock was sold at an average price of $80.48, for a total transaction of $321,920.00. Following the completion of the sale, the insider now owns 36,518 shares in the company, valued at $2,938,968.64. This trade represents a 9.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Sensient Technologies from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Robert W. Baird boosted their price objective on Sensient Technologies from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Monday, July 29th.

Sensient Technologies Stock Down 1.5 %

SXT traded down $1.21 during midday trading on Tuesday, hitting $77.99. The company had a trading volume of 179,595 shares, compared to its average volume of 174,686. Sensient Technologies Co. has a 52 week low of $55.02 and a 52 week high of $82.99. The stock's 50 day moving average price is $77.90 and its 200 day moving average price is $76.33. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 37.32 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 (NYSE:SXT - Get Free Report) last issued its earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $392.61 million for 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 quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. On average, research analysts anticipate that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Monday, November 4th. Sensient Technologies's dividend payout ratio is presently 78.47%.

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.