Insider Selling: Sensient Technologies Corp. (SXT) Director Sells $148,980.00 in Stock
Sensient Technologies Corp. (NYSE:SXT) Director Fergus M. Clydesdale sold 2,000 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $74.49, for a total transaction of $148,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Sensient Technologies Corp. (NYSE:SXT) opened at 73.58 on Friday. The company has a market capitalization of $3.28 billion, a P/E ratio of 29.01 and a beta of 0.92. Sensient Technologies Corp. has a 1-year low of $52.69 and a 1-year high of $76.15. The firm’s 50-day moving average is $74.02 and its 200-day moving average is $71.79.
Sensient Technologies Corp. (NYSE:SXT) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. Sensient Technologies Corp. had a net margin of 8.20% and a return on equity of 16.28%. During the same quarter last year, the firm earned $0.77 EPS. Equities research analysts predict that Sensient Technologies Corp. will post $3.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, November 3rd. This is a positive change from Sensient Technologies Corp.’s previous quarterly dividend of $0.27. Sensient Technologies Corp.’s dividend payout ratio (DPR) is presently 47.24%.
A number of institutional investors have recently modified their holdings of SXT. Westwood Holdings Group Inc. raised its position in shares of Sensient Technologies Corp. by 1,916.2% in the second quarter. Westwood Holdings Group Inc. now owns 463,258 shares of the company’s stock valued at $32,910,000 after buying an additional 440,281 shares during the last quarter. Mesirow Financial Investment Management Equity Management raised its position in Sensient Technologies Corp. by 1,018.8% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 359,507 shares of the company’s stock worth $25,541,000 after buying an additional 327,374 shares in the last quarter. Aberdeen Asset Management PLC UK raised its position in Sensient Technologies Corp. by 39.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 549,517 shares of the company’s stock worth $39,037,000 after buying an additional 155,117 shares in the last quarter. Henderson Group PLC raised its position in Sensient Technologies Corp. by 57.6% in the second quarter. Henderson Group PLC now owns 394,782 shares of the company’s stock worth $28,045,000 after buying an additional 144,279 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in Sensient Technologies Corp. by 5.6% in the third quarter. BlackRock Fund Advisors now owns 2,399,028 shares of the company’s stock worth $181,846,000 after buying an additional 126,423 shares in the last quarter. 89.09% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on SXT shares. Sidoti started coverage on shares of Sensient Technologies Corp. in a research note on Friday, September 2nd. They issued a “neutral” rating for the company. Zacks Investment Research downgraded shares of Sensient Technologies Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 26th. Finally, Gabelli downgraded shares of Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.75.
About Sensient Technologies Corp.
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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