Sensient Technologies Corporation (NYSE:SXT) Stock to Pay Quarterly Dividend of $0.41

Sensient Technologies Corporation (NYSE:SXT) declared a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 9th will be paid a dividend of $0.41 per share by the specialty chemicals company on Tuesday, December 1st. This represents a $1.64 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, November 9th.

Sensient Technologies has a payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sensient Technologies to earn $4.90 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 33.5%.

Sensient Technologies Stock Up 0.1%

NYSE:SXT opened at $131.73 on Friday. The firm has a market capitalization of $5.61 billion, a P/E ratio of 35.51 and a beta of 0.84. Sensient Technologies has a 1-year low of $82.60 and a 1-year high of $138.82. The company’s fifty day moving average price is $131.88 and its 200-day moving average price is $113.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.39 and a quick ratio of 1.72.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, October 30th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The company had revenue of $455.84 million during the quarter, compared to the consensus estimate of $459.05 million. As a group, equities research analysts anticipate that Sensient Technologies will post 4.20 EPS for the current year.

Insider Activity at Sensient Technologies

In related news, Director Mario Ferruzzi sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total value of $155,376.00. Following the transaction, the director directly owned 7,352 shares of the company’s stock, valued at approximately $951,936.96. This trade represents a 14.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sensient Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SXT. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Sensient Technologies in the 2nd quarter valued at about $26,000. Silvant Capital Management LLC purchased a new stake in shares of Sensient Technologies in the second quarter valued at approximately $27,000. Global Retirement Partners LLC purchased a new stake in shares of Sensient Technologies in the second quarter valued at approximately $36,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Sensient Technologies in the second quarter valued at approximately $37,000. Finally, GAMMA Investing LLC lifted its position in Sensient Technologies by 35.2% during the second quarter. GAMMA Investing LLC now owns 938 shares of the specialty chemicals company’s stock worth $116,000 after buying an additional 244 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

About Sensient Technologies

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.