Sensient Technologies Co. (NYSE:SXT) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its position in shares of Sensient Technologies Co. (NYSE:SXT – Get Rating) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,481 shares of the specialty chemicals company’s stock after purchasing an additional 277 shares during the period. Van ECK Associates Corp’s holdings in Sensient Technologies were worth $254,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SXT. ProShare Advisors LLC raised its stake in shares of Sensient Technologies by 51.2% in the fourth quarter. ProShare Advisors LLC now owns 628,498 shares of the specialty chemicals company’s stock valued at $45,830,000 after acquiring an additional 212,961 shares in the last quarter. Balyasny Asset Management LLC raised its stake in shares of Sensient Technologies by 97.9% in the third quarter. Balyasny Asset Management LLC now owns 326,368 shares of the specialty chemicals company’s stock valued at $22,630,000 after acquiring an additional 161,455 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Sensient Technologies by 21.4% in the first quarter. First Trust Advisors LP now owns 768,621 shares of the specialty chemicals company’s stock valued at $64,526,000 after acquiring an additional 135,641 shares in the last quarter. BlackRock Inc. raised its stake in shares of Sensient Technologies by 2.7% in the third quarter. BlackRock Inc. now owns 4,860,502 shares of the specialty chemicals company’s stock valued at $337,028,000 after acquiring an additional 125,587 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Sensient Technologies in the first quarter valued at $8,840,000. 87.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Sensient Technologies in a report on Thursday, March 16th. They issued a “hold” rating on the stock.

Sensient Technologies Stock Performance

NYSE:SXT opened at $73.14 on Wednesday. The firm has a market capitalization of $3.09 billion, a PE ratio of 22.44 and a beta of 0.89. The business’s fifty day moving average price is $73.97 and its 200 day moving average price is $73.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.09 and a quick ratio of 1.65. Sensient Technologies Co. has a 12 month low of $63.17 and a 12 month high of $89.34.

Sensient Technologies (NYSE:SXT – Get Rating) last issued its quarterly earnings data on Friday, April 28th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. The company had revenue of $369.00 million for the quarter, compared to analyst estimates of $369.87 million. Sensient Technologies had a return on equity of 13.76% and a net margin of 9.48%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 8th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Friday, May 5th. Sensient Technologies’s payout ratio is 50.31%.

Sensient Technologies Profile

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Sensient Technologies Corp. engages in the manufacture of colors, flavors, and fragrances. It operates through the following segments: Flavors and Fragrances Group, Color Group, and Asia Pacific Group. The Flavors and Fragrances segment includes beverage flavors, bionutrients, savory flavors, sweet flavors, natural ingredients, and fragrance compounds and ingredients.