Sensient Technologies Co. (NYSE:SXT) Stock Position Raised by Geode Capital Management LLC

Geode Capital Management LLC grew its position 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 13F filing with the Securities & Exchange Commission. The fund owned 961,455 shares of the specialty chemicals company's stock after buying an additional 15,868 shares during the period. Geode Capital Management LLC owned about 2.27% of Sensient Technologies worth $77,143,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in shares of Sensient Technologies by 3.7% during the 3rd quarter. State Street Corp now owns 1,694,114 shares of the specialty chemicals company's stock valued at $135,902,000 after buying an additional 60,622 shares during the last quarter. Barclays PLC boosted its stake in Sensient Technologies by 309.3% during the 3rd quarter. Barclays PLC now owns 77,260 shares of the specialty chemicals company's stock valued at $6,197,000 after purchasing an additional 58,386 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Sensient Technologies in the second quarter valued at $4,218,000. Dimensional Fund Advisors LP boosted its stake in Sensient Technologies by 3.4% during the second 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. Finally, Quest Partners LLC boosted its stake in Sensient Technologies by 565.2% during the second quarter. Quest Partners LLC now owns 40,447 shares of the specialty chemicals company's stock valued at $3,001,000 after buying an additional 34,367 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company's stock.

Analyst Upgrades and Downgrades

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

Sensient Technologies Price Performance

NYSE:SXT traded up $0.34 during trading hours on Friday, reaching $73.34. 557,068 shares of the company's stock were exchanged, compared to its average volume of 176,241. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3.11 billion, a P/E ratio of 35.09 and a beta of 0.76. Sensient Technologies Co. has a 12 month low of $55.02 and a 12 month high of $82.99. The business's 50-day simple moving average is $77.61 and its two-hundred day simple moving average is $76.51.

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 analysts' consensus estimates of $0.80. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The business had revenue of $392.61 million for the quarter, compared to analysts' expectations of $390.64 million. During the same period in the previous year, the firm posted $0.75 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that Sensient Technologies Co. will post 2.82 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

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

Insider Transactions at Sensient Technologies

In other news, insider Michael C. Geraghty sold 4,000 shares of the firm'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 owns 36,518 shares of the company's stock, valued at $2,938,968.64. This trade represents a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by insiders.

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.