Essie Whitelaw Sells 1,520 Shares of Sensient Technologies Corporation (SXT) Stock
Sensient Technologies Corporation (NYSE:SXT) Director Essie Whitelaw sold 1,520 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $75.00, for a total value of $114,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Sensient Technologies Corporation (SXT) traded down $1.08 on Thursday, reaching $74.33. The company had a trading volume of 219,100 shares, compared to its average volume of 157,238. The company has a market capitalization of $3,278.52, a P/E ratio of 22.31, a PEG ratio of 2.57 and a beta of 1.08. Sensient Technologies Corporation has a 12 month low of $71.21 and a 12 month high of $84.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 3.59.
Sensient Technologies Corporation (NYSE:SXT) last issued its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $353.52 million during the quarter. Sensient Technologies Corporation had a return on equity of 17.34% and a net margin of 7.89%. During the same quarter in the prior year, the business earned $0.83 earnings per share. sell-side analysts anticipate that Sensient Technologies Corporation will post 3.41 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 6th will be given a $0.33 dividend. The ex-dividend date is Friday, November 3rd. This is an increase from Sensient Technologies Corporation’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 1.78%. Sensient Technologies Corporation’s dividend payout ratio (DPR) is currently 54.55%.
Sensient Technologies Corporation announced that its Board of Directors has initiated a share repurchase program on Thursday, October 19th that authorizes the company to repurchase 3,000,000 shares. This repurchase authorization authorizes the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
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Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Sensient Technologies Corporation by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock worth $143,000 after buying an additional 139 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Sensient Technologies Corporation by 118.2% in the second quarter. Acrospire Investment Management LLC now owns 2,584 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 1,400 shares during the period. Jane Street Group LLC purchased a new stake in Sensient Technologies Corporation in the third quarter worth $221,000. World Asset Management Inc increased its stake in Sensient Technologies Corporation by 1.1% in the second quarter. World Asset Management Inc now owns 2,769 shares of the specialty chemicals company’s stock worth $223,000 after purchasing an additional 30 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in Sensient Technologies Corporation by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock worth $227,000 after purchasing an additional 119 shares during the period. Institutional investors own 88.58% of the company’s stock.
A number of research analysts have recently commented on SXT shares. Zacks Investment Research downgraded Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub downgraded Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. KeyCorp restated a “buy” rating and issued a $90.00 price target on shares of Sensient Technologies Corporation in a research report on Thursday, August 24th. Finally, Berenberg Bank started coverage on Sensient Technologies Corporation in a research report on Friday, September 22nd. They issued a “buy” rating and a $88.30 price target for the company.
About Sensient Technologies Corporation
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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