Vanguard Group Inc. Increases Stake in Sensient Technologies Co. (NYSE:SXT)

Vanguard Group Inc. increased its holdings in Sensient Technologies Co. (NYSE:SXT - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,325,028 shares of the specialty chemicals company's stock after acquiring an additional 457,446 shares during the quarter. Vanguard Group Inc. owned about 12.60% of Sensient Technologies worth $311,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky increased its stake in Sensient Technologies by 90.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,604 shares of the specialty chemicals company's stock valued at $854,000 after purchasing an additional 6,945 shares in the last quarter. Citigroup Inc. increased its stake in Sensient Technologies by 17.1% during the 3rd quarter. Citigroup Inc. now owns 22,092 shares of the specialty chemicals company's stock valued at $1,292,000 after purchasing an additional 3,230 shares in the last quarter. Deutsche Bank AG increased its stake in Sensient Technologies by 9.8% during the 3rd quarter. Deutsche Bank AG now owns 25,314 shares of the specialty chemicals company's stock valued at $1,480,000 after purchasing an additional 2,261 shares in the last quarter. Public Sector Pension Investment Board bought a new stake in shares of Sensient Technologies in the third quarter worth approximately $3,054,000. Finally, Comerica Bank bought a new stake in shares of Sensient Technologies in the third quarter worth approximately $1,165,000. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Stock Performance

Shares of SXT stock traded up $0.29 during trading hours on Thursday, reaching $69.20. The company had a trading volume of 176,199 shares, compared to its average volume of 202,429. The business has a fifty day moving average price of $65.35 and a 200-day moving average price of $61.98. Sensient Technologies Co. has a one year low of $52.90 and a one year high of $78.70. The firm has a market cap of $2.93 billion, a PE ratio of 31.17 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.43 and a current ratio of 3.96.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.04). Sensient Technologies had a return on equity of 11.52% and a net margin of 6.41%. The company had revenue of $349.30 million during the quarter, compared to the consensus estimate of $371.10 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The business's revenue was up .2% compared to the same quarter last year. Sell-side analysts predict that Sensient Technologies Co. will post 2.95 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 6th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.64 annualized dividend and a yield of 2.37%. Sensient Technologies's dividend payout ratio (DPR) is 73.87%.

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.