State Street Corp Buys 60,622 Shares of Sensient Technologies Co. (NYSE:SXT)

State Street Corp boosted its position in Sensient Technologies Co. (NYSE:SXT - Free Report) by 3.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,694,114 shares of the specialty chemicals company's stock after buying an additional 60,622 shares during the quarter. State Street Corp owned approximately 4.00% of Sensient Technologies worth $135,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SXT. Algert Global LLC bought a new stake in Sensient Technologies in the 2nd quarter valued at about $4,218,000. Dimensional Fund Advisors LP raised its holdings in shares of Sensient Technologies by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company's stock valued at $89,683,000 after acquiring an additional 39,290 shares in the last quarter. Quest Partners LLC increased its position in shares of Sensient Technologies by 565.2% in the second quarter. Quest Partners LLC now owns 40,447 shares of the specialty chemicals company's stock worth $3,001,000 after purchasing an additional 34,367 shares during the last quarter. FMR LLC increased its holdings in shares of Sensient Technologies by 124.0% in the 3rd quarter. FMR LLC now owns 59,223 shares of the specialty chemicals company's stock worth $4,751,000 after buying an additional 32,784 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Sensient Technologies by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company's stock valued at $40,211,000 after purchasing an additional 27,967 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Trading Down 0.1 %

Shares of SXT stock traded down $0.09 on Friday, hitting $77.29. 99,998 shares of the company's stock traded hands, compared to its average volume of 174,562. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 36.98 and a beta of 0.76. The company's fifty day simple moving average is $77.75 and its 200 day simple moving average is $76.54. Sensient Technologies Co. has a one year low of $55.02 and a one year high of $82.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.47 and a current ratio of 3.74.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $392.61 million for the quarter, compared to the consensus estimate of $390.64 million. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities analysts forecast that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Monday, November 4th. Sensient Technologies's dividend payout ratio is 78.47%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, insider Michael C. Geraghty sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total transaction of $321,920.00. Following the transaction, the insider now directly owns 36,518 shares of the company's stock, valued at approximately $2,938,968.64. The trade was a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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.