Summit Global Investments Invests $977,000 in Sensient Technologies Co. (NYSE:SXT)

Summit Global Investments purchased a new stake in shares of Sensient Technologies Co. (NYSE:SXT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,705 shares of the specialty chemicals company's stock, valued at approximately $977,000.

Other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in shares of Sensient Technologies by 66.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 58,643 shares of the specialty chemicals company's stock valued at $4,704,000 after acquiring an additional 23,474 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Sensient Technologies by 135.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,059 shares of the specialty chemicals company's stock valued at $1,850,000 after purchasing an additional 13,279 shares in the last quarter. Intech Investment Management LLC bought a new position in Sensient Technologies during the third quarter valued at $471,000. Charles Schwab Investment Management Inc. grew its stake in shares of Sensient Technologies by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 590,149 shares of the specialty chemicals company's stock worth $47,342,000 after buying an additional 7,235 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Sensient Technologies by 2.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 86,390 shares of the specialty chemicals company's stock worth $6,874,000 after buying an additional 1,909 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Sensient Technologies from a "buy" rating to a "hold" rating in a report on Saturday, March 22nd.

Sensient Technologies Trading Up 0.1 %

Shares of Sensient Technologies stock traded up $0.04 on Thursday, reaching $73.32. The company had a trading volume of 412,411 shares, compared to its average volume of 171,792. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 24.94 and a beta of 0.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34. The firm's 50-day moving average price is $73.31 and its two-hundred day moving average price is $75.13. Sensient Technologies Co. has a 1 year low of $66.15 and a 1 year high of $82.99.

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

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 4th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Tuesday, February 4th. Sensient Technologies's dividend payout ratio (DPR) is currently 55.78%.

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.