Sensient Technologies Co. (NYSE:SXT) Director Hank Brown sold 2,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $71.78, for a total value of $143,560.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Sensient Technologies Co. (NYSE:SXT) traded up $0.48 during midday trading on Friday, reaching $72.92. The company’s stock had a trading volume of 119,459 shares, compared to its average volume of 377,043. Sensient Technologies Co. has a one year low of $65.60 and a one year high of $84.98. The company has a current ratio of 3.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $3,160.00, a price-to-earnings ratio of 29.50, a P/E/G ratio of 2.19 and a beta of 0.98.
Sensient Technologies (NYSE:SXT) last posted its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. Sensient Technologies had a return on equity of 17.37% and a net margin of 6.58%. The company had revenue of $328.87 million for the quarter. analysts forecast that Sensient Technologies Co. will post 3.8 earnings per share for the current fiscal year.
Sensient Technologies declared that its board has authorized a stock buyback plan on Thursday, October 19th that authorizes the company to buyback 3,000,000 outstanding shares. This buyback authorization authorizes the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 6th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, February 5th. This represents a $1.32 annualized dividend and a yield of 1.81%. Sensient Technologies’s dividend payout ratio (DPR) is currently 53.66%.
Several brokerages recently issued reports on SXT. Gabelli upgraded Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Monday. TheStreet lowered Sensient Technologies from a “b” rating to a “c+” rating in a report on Thursday, February 8th. Off Wall Street initiated coverage on Sensient Technologies in a report on Monday, December 18th. They set a “sell” rating on the stock. Finally, KeyCorp restated a “buy” rating and set a $90.00 target price on shares of Sensient Technologies in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Sensient Technologies has an average rating of “Hold” and an average target price of $90.77.
A number of hedge funds and other institutional investors have recently bought and sold shares of SXT. Carillon Tower Advisers Inc. bought a new position in Sensient Technologies during the fourth quarter valued at about $38,163,000. Champlain Investment Partners LLC acquired a new stake in shares of Sensient Technologies in the fourth quarter valued at about $20,522,000. Atlanta Capital Management Co. L L C acquired a new stake in shares of Sensient Technologies in the third quarter valued at about $21,336,000. Standard Life Aberdeen plc grew its position in shares of Sensient Technologies by 30.3% in the fourth quarter. Standard Life Aberdeen plc now owns 1,027,093 shares of the specialty chemicals company’s stock valued at $75,137,000 after purchasing an additional 239,123 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Sensient Technologies by 104.8% in the fourth quarter. Victory Capital Management Inc. now owns 390,646 shares of the specialty chemicals company’s stock valued at $28,576,000 after purchasing an additional 199,921 shares during the last quarter. Institutional investors own 88.12% 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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