Great Lakes Advisors LLC Has $4.51 Million Holdings in Sensient Technologies Co. (NYSE:SXT)

Great Lakes Advisors LLC cut its holdings in Sensient Technologies Co. (NYSE:SXT) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,314 shares of the specialty chemicals company’s stock after selling 1,915 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.15% of Sensient Technologies worth $4,512,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Franklin Resources Inc. boosted its stake in Sensient Technologies by 4.8% in the third quarter. Franklin Resources Inc. now owns 3,462 shares of the specialty chemicals company’s stock valued at $270,000 after buying an additional 160 shares in the last quarter. Versor Investments LP boosted its stake in Sensient Technologies by 5.1% in the fourth quarter. Versor Investments LP now owns 4,521 shares of the specialty chemicals company’s stock valued at $322,000 after buying an additional 221 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Sensient Technologies in the fourth quarter valued at about $25,000. Inspire Investing LLC raised its position in Sensient Technologies by 9.1% in the fourth quarter. Inspire Investing LLC now owns 5,617 shares of the specialty chemicals company’s stock valued at $400,000 after purchasing an additional 470 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Sensient Technologies by 32.0% in the fourth quarter. SG Americas Securities LLC now owns 2,229 shares of the specialty chemicals company’s stock valued at $159,000 after purchasing an additional 541 shares during the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Price Performance

Sensient Technologies stock opened at $73.23 on Friday. The company has a current ratio of 3.55, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3.10 billion, a PE ratio of 24.91 and a beta of 0.71. Sensient Technologies Co. has a 12 month low of $66.15 and a 12 month high of $82.99. The stock has a 50-day moving average price of $72.70 and a two-hundred day moving average price of $75.28.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, February 14th. The specialty chemicals company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The firm had revenue of $376.40 million during the quarter, compared to the consensus estimate of $375.10 million. During the same period last year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts expect that Sensient Technologies Co. will post 3.1 EPS for the current year.

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 4th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.24%. Sensient Technologies’s dividend payout ratio (DPR) is 55.78%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Friday.

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.