Geode Capital Management LLC Increases Stock Position in Sensient Technologies Co. (NYSE:SXT)

Geode Capital Management LLC boosted its holdings in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 961,455 shares of the specialty chemicals company's stock after purchasing an additional 15,868 shares during the quarter. Geode Capital Management LLC owned about 2.27% of Sensient Technologies worth $77,143,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in Sensient Technologies by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the specialty chemicals company's stock valued at $1,580,000 after purchasing an additional 400 shares during the period. Bank of New York Mellon Corp lifted its position in Sensient Technologies by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company's stock worth $40,211,000 after buying an additional 27,967 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Sensient Technologies by 2.7% during the second 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. Hantz Financial Services Inc. bought a new position in Sensient Technologies during the second quarter valued at $129,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Sensient Technologies in the second quarter valued at $236,000. Institutional investors own 90.86% of the company's stock.

Sensient Technologies Trading Up 0.5 %

Shares of NYSE SXT 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. Sensient Technologies Co. has a 12-month low of $55.02 and a 12-month high of $82.99. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. The firm has a market cap of $3.11 billion, a P/E ratio of 35.09 and a beta of 0.76. The business's 50 day moving average is $77.53 and its two-hundred day moving average is $76.49.

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 for the quarter, hitting analysts' consensus estimates of $0.80. The business had revenue of $392.61 million for 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%. The business's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. As a group, equities research analysts expect that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a $0.41 dividend. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Sensient Technologies news, insider Michael C. Geraghty sold 4,000 shares of the company's 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 completion of the sale, the insider now directly owns 36,518 shares in the company, valued at approximately $2,938,968.64. This represents a 9.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

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.