Connor Clark & Lunn Investment Management Ltd. Boosts Stock Holdings in Sensient Technologies Co. (NYSE:SXT)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Sensient Technologies Co. (NYSE:SXT) by 25.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,848 shares of the specialty chemicals company’s stock after purchasing an additional 5,789 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of Sensient Technologies worth $2,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SXT. Franklin Resources Inc. lifted its position in shares of Sensient Technologies by 4.8% in the third quarter. Franklin Resources Inc. now owns 3,462 shares of the specialty chemicals company’s stock worth $270,000 after buying an additional 160 shares in the last quarter. Versor Investments LP raised its holdings in shares of Sensient Technologies by 5.1% during the 4th quarter. Versor Investments LP now owns 4,521 shares of the specialty chemicals company’s stock worth $322,000 after acquiring an additional 221 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sensient Technologies during the 4th quarter valued at approximately $25,000. Inspire Investing LLC grew its holdings in shares of 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 in the last quarter. Finally, SG Americas Securities LLC increased 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 worth $159,000 after purchasing an additional 541 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Trading Up 1.3 %

Shares of NYSE SXT opened at $74.00 on Wednesday. The stock has a market capitalization of $3.14 billion, a P/E ratio of 25.17 and a beta of 0.71. Sensient Technologies Co. has a 1-year low of $66.15 and a 1-year high of $82.99. The business’s 50 day moving average is $72.85 and its two-hundred day moving average is $75.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34.

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

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 4th were paid a dividend of $0.41 per share. The ex-dividend date was Tuesday, February 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.22%. Sensient Technologies’s dividend payout ratio is presently 55.78%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Friday, March 14th.

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.