Sensient Technologies Corporation (NYSE:SXT) announced its quarterly earnings data on Thursday. The specialty chemicals company reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87, Morningstar.com reports. The business had revenue of $338.48 million for the quarter. Sensient Technologies Corporation had a net margin of 7.83% and a return on equity of 17.16%.
Sensient Technologies Corporation (SXT) traded down 6.73% during trading on Friday, hitting $75.90. 292,540 shares of the stock traded hands. The firm has a 50-day moving average price of $81.38 and a 200 day moving average price of $79.87. Sensient Technologies Corporation has a 52-week low of $68.51 and a 52-week high of $84.98. The company has a market cap of $3.36 billion, a P/E ratio of 31.27 and a beta of 1.09.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.47%. Sensient Technologies Corporation’s payout ratio is 49.59%.
A number of institutional investors have recently bought and sold shares of the stock. Horan Securities Inc. acquired a new position in shares of Sensient Technologies Corporation during the first quarter valued at $124,000. Tower Research Capital LLC TRC boosted its position in shares of 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 period. Airain ltd acquired a new position in shares of Sensient Technologies Corporation during the first quarter valued at $202,000. Scout Investments Inc. acquired a new position in shares of Sensient Technologies Corporation during the first quarter valued at $210,000. Finally, World Asset Management Inc boosted its position in shares of Sensient Technologies Corporation by 0.4% in the first quarter. World Asset Management Inc now owns 2,739 shares of the specialty chemicals company’s stock valued at $217,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 88.87% of the company’s stock.
Separately, Zacks Investment Research raised shares of Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, March 23rd.
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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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