Snyder Capital Management L P Has $47.54 Million Stake in Sensient Technologies Co. (NYSE:SXT)

Snyder Capital Management L P lifted its holdings in shares of Sensient Technologies Co. (NYSE:SXT) by 7.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 667,175 shares of the specialty chemicals company’s stock after buying an additional 48,146 shares during the period. Snyder Capital Management L P owned about 1.58% of Sensient Technologies worth $47,543,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Sensient Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,064,724 shares of the specialty chemicals company’s stock worth $360,912,000 after acquiring an additional 36,406 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Sensient Technologies by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,223,728 shares of the specialty chemicals company’s stock valued at $87,203,000 after purchasing an additional 26,119 shares during the period. Norges Bank acquired a new position in Sensient Technologies during the 4th quarter valued at about $45,757,000. Charles Schwab Investment Management Inc. raised its position in Sensient Technologies by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 601,033 shares of the specialty chemicals company’s stock valued at $42,830,000 after buying an additional 10,884 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Sensient Technologies in the 4th quarter valued at about $24,490,000. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Sensient Technologies Stock Up 1.2 %

SXT opened at $80.08 on Friday. The company has a market cap of $3.39 billion, a P/E ratio of 27.24 and a beta of 0.63. Sensient Technologies Co. has a 12 month low of $66.15 and a 12 month high of $82.99. 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 business’s 50-day moving average price is $72.90 and its 200-day moving average price is $74.74.

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

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.05%. Sensient Technologies’s dividend payout ratio (DPR) is presently 55.78%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 22nd.

Sensient Technologies Company 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.