Gabelli Funds LLC Has $10.78 Million Stake in Sensient Technologies Co. (NYSE:SXT)

Gabelli Funds LLC increased its holdings in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,300 shares of the specialty chemicals company's stock after purchasing an additional 6,000 shares during the quarter. Gabelli Funds LLC owned approximately 0.36% of Sensient Technologies worth $10,782,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SXT. Kohmann Bosshard Financial Services LLC acquired a new stake in Sensient Technologies in the fourth quarter valued at $25,000. Jones Financial Companies Lllp grew its holdings in Sensient Technologies by 18,766.7% during the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 563 shares during the period. R Squared Ltd acquired a new position in Sensient Technologies during the fourth quarter worth approximately $65,000. Covestor Ltd raised its stake in Sensient Technologies by 49.4% in the fourth quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company's stock valued at $66,000 after buying an additional 304 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Sensient Technologies by 152.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,123 shares of the specialty chemicals company's stock valued at $80,000 after buying an additional 678 shares during the last quarter. Institutional investors own 90.86% of the company's stock.

Sensient Technologies Stock Performance

Shares of SXT stock traded up $0.42 during midday trading on Friday, hitting $74.55. 239,343 shares of the company were exchanged, compared to its average volume of 197,952. Sensient Technologies Co. has a 52 week low of $66.15 and a 52 week high of $82.99. The firm has a market capitalization of $3.16 billion, a P/E ratio of 25.36 and a beta of 0.63. The firm's 50 day moving average price is $72.55 and its two-hundred day moving average price is $74.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 3.55.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The company 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. As a group, equities research analysts anticipate that Sensient Technologies Co. will post 3.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Sensient Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, March 22nd.

About Sensient Technologies

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.