ClearAlpha Technologies LP Makes New Investment in Sensient Technologies Co. (NYSE:SXT)

ClearAlpha Technologies LP purchased a new stake in Sensient Technologies Co. (NYSE:SXT) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,494 shares of the specialty chemicals company’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Sensient Technologies by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company’s stock worth $89,683,000 after acquiring an additional 39,290 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Sensient Technologies by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 590,149 shares of the specialty chemicals company’s stock valued at $47,342,000 after purchasing an additional 7,235 shares during the period. Bank of New York Mellon Corp boosted its position in Sensient Technologies by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company’s stock valued at $40,211,000 after purchasing an additional 27,967 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Sensient Technologies by 2.7% during 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 last quarter. Finally, Robeco Schweiz AG increased its position in Sensient Technologies by 12.1% in the second 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 owned by institutional investors and hedge funds.

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 shares were sold at an average price of $80.48, for a total transaction of $321,920.00. Following the transaction, the insider now owns 36,518 shares in the company, valued at $2,938,968.64. This trade represents a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

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

Sensient Technologies Price Performance

Shares of NYSE:SXT opened at $78.45 on Tuesday. The firm’s 50 day moving average is $77.91 and its two-hundred day moving average is $76.38. The firm has a market capitalization of $3.32 billion, a P/E ratio of 37.54 and a beta of 0.76. 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 52 week low of $55.02 and a 52 week high of $82.99.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The business had revenue of $392.61 million during the quarter, compared to analyst estimates of $390.64 million. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts anticipate that Sensient Technologies Co. will post 2.82 earnings per share for the current year.

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Monday, November 4th. Sensient Technologies’s dividend payout ratio is currently 78.47%.

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.