UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Sensient Technologies Co. (NYSE:SXT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Sensient Technologies Co. (NYSE:SXT) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,626 shares of the specialty chemicals company’s stock after buying an additional 1,474 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Sensient Technologies were worth $6,628,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake 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 worth $89,683,000 after purchasing an additional 39,290 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 during the period. Bank of New York Mellon Corp boosted its holdings in Sensient Technologies by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company’s stock worth $40,211,000 after buying an additional 27,967 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Sensient Technologies by 2.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 206,288 shares of the specialty chemicals company’s stock worth $15,304,000 after buying an additional 5,400 shares during the period. Finally, Robeco Schweiz AG boosted its holdings in Sensient Technologies by 12.1% in the 2nd quarter. Robeco Schweiz AG now owns 112,640 shares of the specialty chemicals company’s stock worth $8,357,000 after buying an additional 12,150 shares during the period. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Sensient Technologies Stock Down 1.7 %

Shares of NYSE:SXT opened at $76.64 on Wednesday. The company has a current ratio of 3.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. Sensient Technologies Co. has a 12 month low of $55.02 and a 12 month high of $82.99. The company has a 50-day moving average price of $77.76 and a 200 day moving average price of $76.51. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 36.67 and a beta of 0.76.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The firm had revenue of $392.61 million during the quarter, compared to the consensus estimate of $390.64 million. During the same quarter last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts predict that Sensient Technologies Co. will post 2.82 earnings per share for the current year.

Sensient Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, November 4th. Sensient Technologies’s payout ratio is 78.47%.

Insider Activity at Sensient Technologies

In related news, insider Michael C. Geraghty sold 4,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $80.48, for a total value of $321,920.00. Following the sale, the insider now directly owns 36,518 shares of the company’s stock, valued at $2,938,968.64. This represents a 9.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th.

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.