JPMorgan Chase & Co. Has $8.02 Million Stake in Sensient Technologies Co. (NYSE:SXT)

JPMorgan Chase & Co. raised its holdings in Sensient Technologies Co. (NYSE:SXT - Free Report) by 22.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,938 shares of the specialty chemicals company's stock after acquiring an additional 18,235 shares during the period. JPMorgan Chase & Co. owned about 0.24% of Sensient Technologies worth $8,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Sensient Technologies by 3.7% in the 3rd quarter. State Street Corp now owns 1,694,114 shares of the specialty chemicals company's stock worth $135,902,000 after purchasing an additional 60,622 shares during the period. Barclays PLC lifted its holdings in shares of Sensient Technologies by 309.3% in the third 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 position in shares of Sensient Technologies during the second quarter worth about $4,218,000. Dimensional Fund Advisors LP grew its holdings in shares of 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 worth $89,683,000 after buying an additional 39,290 shares in the last quarter. Finally, FMR LLC raised its position in Sensient Technologies by 124.0% in the 3rd quarter. FMR LLC now owns 59,223 shares of the specialty chemicals company's stock valued at $4,751,000 after buying an additional 32,784 shares during the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Sensient Technologies Stock Up 3.7 %

NYSE:SXT traded up $2.57 on Wednesday, hitting $72.12. 384,055 shares of the company's stock were exchanged, compared to its average volume of 240,936. The firm has a 50-day moving average price of $75.28 and a 200-day moving average price of $75.95. Sensient Technologies Co. has a 52 week low of $55.02 and a 52 week high of $82.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.74 and a quick ratio of 1.47. The company has a market cap of $3.06 billion, a P/E ratio of 34.51 and a beta of 0.77.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $392.61 million for the quarter, compared to analysts' expectations 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 in the prior year, the business posted $0.75 EPS. As a group, analysts expect that Sensient Technologies Co. will post 2.82 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a dividend of $0.41 per share. The ex-dividend date was Monday, November 4th. This represents a $1.64 annualized dividend and a dividend yield of 2.27%. Sensient Technologies's dividend payout ratio is presently 78.47%.

Insider Activity

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 shares were sold at an average price of $80.48, for a total value of $321,920.00. Following the transaction, the insider now directly owns 36,518 shares in the company, valued at $2,938,968.64. The trade was a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is 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.