M&T Bank Corp Increases Stake in Sensient Technologies Co. (NYSE:SXT)

M&T Bank Corp lifted its stake in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) by 12.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,569 shares of the specialty chemicals company's stock after purchasing an additional 4,358 shares during the period. M&T Bank Corp owned about 0.09% of Sensient Technologies worth $2,820,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SXT. State Street Corp increased its stake in shares of Sensient Technologies by 3.7% during the third 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 in the last quarter. Barclays PLC increased its stake in shares of Sensient Technologies by 309.3% during the third quarter. Barclays PLC now owns 77,260 shares of the specialty chemicals company's stock worth $6,197,000 after purchasing an additional 58,386 shares in the last quarter. Robeco Schweiz AG increased its stake in shares of Sensient Technologies by 34.9% during the fourth quarter. Robeco Schweiz AG now owns 158,329 shares of the specialty chemicals company's stock worth $11,283,000 after purchasing an additional 40,989 shares in the last quarter. FMR LLC increased its stake in shares of Sensient Technologies by 124.0% during the third quarter. FMR LLC now owns 59,223 shares of the specialty chemicals company's stock worth $4,751,000 after purchasing an additional 32,784 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Sensient Technologies by 88.4% during the third quarter. Citigroup Inc. now owns 55,880 shares of the specialty chemicals company's stock worth $4,483,000 after purchasing an additional 26,219 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company's stock.

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Sensient Technologies Price Performance

SXT traded up $1.84 on Friday, reaching $73.17. 392,884 shares of the company's stock were exchanged, compared to its average volume of 220,691. The stock has a market cap of $3.10 billion, a PE ratio of 24.89 and a beta of 0.71. Sensient Technologies Co. has a twelve month low of $66.14 and a twelve month high of $82.99. The stock's fifty day moving average price is $72.44 and its 200-day moving average price is $75.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The firm had revenue of $376.40 million for the quarter, compared to analyst estimates of $375.10 million. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. Sensient Technologies's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. Sell-side analysts expect that Sensient Technologies Co. will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 4th were issued a $0.41 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $1.64 annualized dividend and a yield of 2.24%. Sensient Technologies's payout ratio is 55.78%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Sensient Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Sensient Technologies Company 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.