Cerity Partners LLC Invests $253,000 in Sensient Technologies Co. (NYSE:SXT)

Cerity Partners LLC bought a new position in shares of Sensient Technologies Co. (NYSE:SXT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,837 shares of the specialty chemicals company’s stock, valued at approximately $253,000.

Other large investors also recently made changes to their positions in the company. Milestone Investment Advisors LLC bought a new position in shares of Sensient Technologies during the third quarter worth approximately $29,000. Signaturefd LLC increased its stake in shares of Sensient Technologies by 1,486.7% during the third quarter. Signaturefd LLC now owns 714 shares of the specialty chemicals company’s stock worth $42,000 after purchasing an additional 669 shares during the period. Covestor Ltd increased its stake in shares of Sensient Technologies by 32.2% during the third quarter. Covestor Ltd now owns 1,087 shares of the specialty chemicals company’s stock worth $64,000 after purchasing an additional 265 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Sensient Technologies by 30.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the specialty chemicals company’s stock worth $130,000 after purchasing an additional 525 shares during the period. Finally, HM Payson & Co. increased its stake in shares of Sensient Technologies by 75.0% during the third quarter. HM Payson & Co. now owns 2,800 shares of the specialty chemicals company’s stock worth $164,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Price Performance

Sensient Technologies stock opened at $70.36 on Monday. The stock’s fifty day moving average price is $68.12 and its two-hundred day moving average price is $63.43. Sensient Technologies Co. has a one year low of $52.90 and a one year high of $78.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.96 and a quick ratio of 1.43. The firm has a market cap of $2.98 billion, a PE ratio of 32.73 and a beta of 0.79.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $371.10 million. During the same quarter last year, the business earned $0.64 EPS. Sensient Technologies’s revenue was up .2% on a year-over-year basis. As a group, research analysts expect that Sensient Technologies Co. will post 2.85 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 6th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.33%. Sensient Technologies’s dividend payout ratio (DPR) is presently 76.28%.

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.