Sensient Technologies Corporation (SXT) to Issue Quarterly Dividend of $0.41 on March 2nd

Sensient Technologies Corporation (NYSE:SXT) announced a quarterly dividend on Friday, January 16th. Investors of record on Tuesday, February 3rd will be given a dividend of 0.41 per share by the specialty chemicals company on Monday, March 2nd. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, February 3rd.

Sensient Technologies has raised its dividend by an average of 0.0%annually over the last three years. Sensient Technologies has a dividend payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings.

Sensient Technologies Price Performance

Shares of NYSE:SXT opened at $94.34 on Friday. The company has a market capitalization of $4.01 billion, a P/E ratio of 28.85 and a beta of 0.59. Sensient Technologies has a 1-year low of $67.61 and a 1-year high of $121.54. The firm’s 50 day simple moving average is $95.53 and its two-hundred day simple moving average is $100.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.59 and a quick ratio of 1.79.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Sensient Technologies had a net margin of 8.72% and a return on equity of 12.91%. The firm had revenue of $412.11 million during the quarter, compared to analysts’ expectations of $407.45 million. During the same period in the prior year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Research analysts expect that Sensient Technologies will post 3.1 EPS for the current fiscal year.

Insider Transactions at Sensient Technologies

In other news, VP David J. Plautz acquired 2,150 shares of Sensient Technologies stock in a transaction on Tuesday, November 4th. The shares were acquired at an average price of $92.98 per share, with a total value of $199,907.00. Following the purchase, the vice president directly owned 2,999 shares in the company, valued at $278,847.02. The trade was a 253.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Essie Whitelaw sold 3,985 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $95.02, for a total value of $378,654.70. Following the sale, the director directly owned 17,128 shares in the company, valued at $1,627,502.56. This trade represents a 18.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Sensient Technologies

Large investors have recently bought and sold shares of the business. Eminence Capital LP purchased a new position in shares of Sensient Technologies in the 2nd quarter worth $99,117,000. Geode Capital Management LLC lifted its holdings in shares of Sensient Technologies by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,000,613 shares of the specialty chemicals company’s stock valued at $98,593,000 after acquiring an additional 9,211 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in Sensient Technologies in the second quarter worth about $91,280,000. Congress Asset Management Co. increased its stake in Sensient Technologies by 2.5% during the fourth quarter. Congress Asset Management Co. now owns 734,573 shares of the specialty chemicals company’s stock worth $69,013,000 after acquiring an additional 17,935 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Sensient Technologies by 4,511.3% during the second quarter. American Century Companies Inc. now owns 589,272 shares of the specialty chemicals company’s stock valued at $58,055,000 after purchasing an additional 576,493 shares during the period. Institutional investors own 90.86% of the company’s stock.

About Sensient Technologies

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.