Connor Clark & Lunn Investment Management Ltd. Buys 13,279 Shares of Sensient Technologies Co. (NYSE:SXT)

Connor Clark & Lunn Investment Management Ltd. lifted its position in Sensient Technologies Co. (NYSE:SXT) by 135.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,059 shares of the specialty chemicals company’s stock after purchasing an additional 13,279 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of Sensient Technologies worth $1,850,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in Sensient Technologies in the 2nd quarter worth $29,000. nVerses Capital LLC bought a new stake in shares of Sensient Technologies in the third quarter worth about $72,000. Hantz Financial Services Inc. purchased a new position in Sensient Technologies during the 2nd quarter valued at about $129,000. Blue Trust Inc. raised its position in Sensient Technologies by 2,753.7% during the 3rd quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company’s stock valued at $142,000 after purchasing an additional 1,845 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC purchased a new stake in Sensient Technologies in the 1st quarter worth approximately $208,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael C. Geraghty sold 4,000 shares of the firm’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 completion of the transaction, the insider now owns 36,518 shares of the company’s stock, valued at $2,938,968.64. This trade represents a 9.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

Sensient Technologies Stock Performance

Shares of SXT opened at $79.20 on Tuesday. The company has a 50-day simple moving average of $77.90 and a two-hundred day simple moving average of $76.33. 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 firm has a market capitalization of $3.35 billion, a PE ratio of 37.89 and a beta of 0.76. Sensient Technologies Co. has a one year low of $55.02 and a one year high of $82.99.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $392.61 million during 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 firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. On average, analysts anticipate that Sensient Technologies Co. will post 2.82 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, November 4th. Sensient Technologies’s dividend payout ratio is presently 78.47%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Sensient Technologies from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th.

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.