Sensient Technologies Corporation (NYSE:SXT) Director Joseph Carleone acquired 1,000 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was bought at an average price of $75.32 per share, with a total value of $75,320.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Sensient Technologies Corporation (SXT) traded down 0.26% during mid-day trading on Friday, hitting $72.62. 208,619 shares of the stock were exchanged. The stock has a 50 day moving average of $77.32 and a 200-day moving average of $79.39. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 29.25 and a beta of 1.07. Sensient Technologies Corporation has a 52-week low of $68.51 and a 52-week high of $84.98.
Sensient Technologies Corporation (NYSE:SXT) last released its earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. The business had revenue of $338.48 million during the quarter. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. Equities analysts predict that Sensient Technologies Corporation will post $3.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. Sensient Technologies Corporation’s payout ratio is currently 48.39%.
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Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Sensient Technologies Corporation from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Friday, June 2nd. BidaskClub lowered shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
Several hedge funds have recently added to or reduced their stakes in SXT. Horan Securities Inc. purchased a new stake in Sensient Technologies Corporation during the first quarter valued at $124,000. Tower Research Capital LLC TRC increased its stake in Sensient Technologies Corporation by 5,636.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,721 shares of the specialty chemicals company’s stock valued at $136,000 after buying an additional 1,691 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 in the last quarter. Airain ltd purchased a new position in shares of Sensient Technologies Corporation during the first quarter worth approximately $202,000. Finally, Acrospire Investment Management LLC increased its position in shares of 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 buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 88.94% of the company’s stock.
Sensient Technologies Corporation 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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