Sensient Technologies Co. (NYSE:SXT - Get Free Report) 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 completion of the sale, the insider now directly owns 36,518 shares in the company, valued at $2,938,968.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Sensient Technologies Stock Performance
NYSE:SXT opened at $79.57 on Friday. Sensient Technologies Co. has a 1-year low of $55.02 and a 1-year high of $82.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.74 and a quick ratio of 1.47. The business has a 50 day moving average of $77.24 and a 200 day moving average of $75.92. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 38.07 and a beta of 0.76.
Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share for the quarter, hitting analysts' consensus estimates of $0.80. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The firm had revenue of $392.61 million during the quarter, compared to analyst estimates of $390.64 million. During the same period in the previous year, the business posted $0.75 EPS. The business's quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.
Sensient Technologies Dividend Announcement
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.06%. Sensient Technologies's dividend payout ratio (DPR) is currently 78.47%.
Institutional Investors Weigh In On Sensient Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of SXT. Dimensional Fund Advisors LP increased its stake in Sensient Technologies by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company's stock worth $89,683,000 after purchasing an additional 39,290 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Sensient Technologies by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company's stock worth $40,211,000 after buying an additional 27,967 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings 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 valued at $15,304,000 after buying an additional 5,400 shares during the last quarter. Heartland Advisors Inc. boosted its position in Sensient Technologies by 26.8% during the 1st quarter. Heartland Advisors Inc. now owns 170,459 shares of the specialty chemicals company's stock valued at $11,794,000 after buying an additional 35,979 shares during the period. Finally, Robeco Schweiz AG grew its holdings in Sensient Technologies by 12.1% in the 2nd quarter. Robeco Schweiz AG now owns 112,640 shares of the specialty chemicals company's stock worth $8,357,000 after acquiring an additional 12,150 shares during the last quarter. Institutional investors own 90.86% of the company's stock.
Analysts Set New Price Targets
SXT has been the topic of several research reports. Robert W. Baird raised their price objective on shares of Sensient Technologies from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. StockNews.com upgraded Sensient Technologies from a "hold" rating to a "buy" rating in a research report on Monday, October 28th.
Read Our Latest Stock Analysis on Sensient Technologies
Sensient Technologies Company Profile
(
Get Free Report)
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.
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