Sensient Technologies Co. (NYSE:SXT) Director Essie Whitelaw sold 1,520 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Essie Whitelaw also recently made the following trade(s):
- On Thursday, November 16th, Essie Whitelaw sold 667 shares of Sensient Technologies stock. The shares were sold at an average price of $75.15, for a total value of $50,125.05.
Sensient Technologies Co. (NYSE SXT) opened at $75.29 on Friday. The company has a market capitalization of $3,231.56, a P/E ratio of 21.99, a PEG ratio of 2.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.59 and a quick ratio of 1.42. Sensient Technologies Co. has a 12-month low of $71.21 and a 12-month high of $84.98.
Sensient Technologies (NYSE:SXT) last issued its earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. The company had revenue of $353.52 million during the quarter. Sensient Technologies had a return on equity of 14.66% and a net margin of 9.11%. During the same quarter in the previous year, the business posted $0.83 EPS. research analysts expect that Sensient Technologies Co. will post 3.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 6th will be given a $0.33 dividend. This is a positive change from Sensient Technologies’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 3rd. This represents a $1.32 annualized dividend and a dividend yield of 1.75%. Sensient Technologies’s dividend payout ratio (DPR) is presently 54.55%.
Sensient Technologies declared that its Board of Directors has approved a stock repurchase program on Thursday, October 19th that permits the company to repurchase 3,000,000 shares. This repurchase authorization permits the specialty chemicals company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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A number of brokerages have weighed in on SXT. KeyCorp restated a “buy” rating and set a $90.00 price objective on shares of Sensient Technologies in a research note on Friday, November 3rd. Zacks Investment Research upgraded Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Berenberg Bank began coverage on Sensient Technologies in a research note on Friday, September 22nd. They set a “buy” rating and a $88.30 price objective for the company. Finally, BidaskClub lowered Sensient Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd.
Several institutional investors and hedge funds have recently modified their holdings of the company. Neuberger Berman Group LLC grew its position in shares of Sensient Technologies by 1.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 3,986,590 shares of the specialty chemicals company’s stock worth $306,648,000 after acquiring an additional 63,383 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Sensient Technologies by 732.3% in the 2nd quarter. Janus Henderson Group PLC now owns 3,126,256 shares of the specialty chemicals company’s stock worth $251,757,000 after acquiring an additional 2,750,649 shares in the last quarter. State Street Corp grew its position in shares of Sensient Technologies by 4.2% in the 2nd quarter. State Street Corp now owns 1,488,505 shares of the specialty chemicals company’s stock worth $119,869,000 after acquiring an additional 60,015 shares in the last quarter. Northern Trust Corp grew its position in shares of Sensient Technologies by 1.8% in the 2nd quarter. Northern Trust Corp now owns 1,254,899 shares of the specialty chemicals company’s stock worth $101,057,000 after acquiring an additional 21,930 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Sensient Technologies by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 959,579 shares of the specialty chemicals company’s stock worth $73,811,000 after acquiring an additional 8,141 shares in the last quarter. Institutional investors own 88.58% of the company’s stock.
Sensient Technologies Company Profile
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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