Charles Schwab Investment Management Inc. Buys 7,235 Shares of Sensient Technologies Co. (NYSE:SXT)

Charles Schwab Investment Management Inc. raised its stake in Sensient Technologies Co. (NYSE:SXT - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 590,149 shares of the specialty chemicals company's stock after buying an additional 7,235 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.39% of Sensient Technologies worth $47,342,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SXT. Kimelman & Baird LLC acquired a new stake in Sensient Technologies in the 2nd quarter worth $1,287,000. Robeco Schweiz AG lifted its holdings in Sensient Technologies by 12.1% during the 2nd quarter. Robeco Schweiz AG now owns 112,640 shares of the specialty chemicals company's stock valued at $8,357,000 after purchasing an additional 12,150 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Sensient Technologies in the second quarter worth about $531,000. Thrivent Financial for Lutherans raised its stake in shares of Sensient Technologies by 66.7% in the third quarter. Thrivent Financial for Lutherans now owns 58,643 shares of the specialty chemicals company's stock worth $4,704,000 after acquiring an additional 23,474 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of Sensient Technologies by 9.9% in the second quarter. Linden Thomas Advisory Services LLC now owns 7,081 shares of the specialty chemicals company's stock worth $525,000 after acquiring an additional 638 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company's stock.

Wall Street Analyst Weigh In

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

Sensient Technologies Price Performance

Shares of NYSE SXT traded up $0.81 during trading on Monday, reaching $78.45. The company had a trading volume of 136,846 shares, compared to its average volume of 174,409. Sensient Technologies Co. has a 52 week low of $55.02 and a 52 week high of $82.99. The stock has a market cap of $3.32 billion, a PE ratio of 37.15 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.47 and a current ratio of 3.74. The business's 50 day moving average price is $77.91 and its 200-day moving average price is $76.38.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced 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. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The company had revenue of $392.61 million during the quarter, compared to the consensus estimate of $390.64 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. Analysts expect that Sensient Technologies Co. will post 2.82 earnings per share for the current 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 given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Monday, November 4th. Sensient Technologies's dividend payout ratio is 78.47%.

Insider Transactions at Sensient Technologies

In related news, insider Michael C. Geraghty sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $80.48, for a total transaction of $321,920.00. Following the completion of the transaction, the insider now owns 36,518 shares in the company, valued at approximately $2,938,968.64. The trade was a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

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.