Sensient Technologies Corporation (NYSE:SXT) announced its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share for the quarter, hitting the Zacks’ 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 8.16% and a return on equity of 17.15%.
Shares of Sensient Technologies Corporation (SXT) traded down 0.76% on Tuesday, reaching $74.32. 90,576 shares of the company were exchanged. Sensient Technologies Corporation has a 52 week low of $68.51 and a 52 week high of $84.98. The firm’s 50 day moving average price is $77.91 and its 200 day moving average price is $79.51. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 29.93 and a beta of 1.07.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.61%. Sensient Technologies Corporation’s dividend payout ratio (DPR) is 48.39%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Sensient Technologies Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. BidaskClub cut shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
In related news, Director Joseph Carleone bought 1,000 shares of the company’s stock in a transaction on Monday, July 24th. The shares were bought at an average price of $75.32 per share, with a total value of $75,320.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.95% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in SXT. World Asset Management Inc increased its stake in 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 in the last quarter. 1st Global Advisors Inc. increased its stake in Sensient Technologies Corporation by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 5,582 shares of the specialty chemicals company’s stock valued at $450,000 after buying an additional 60 shares in the last quarter. M&T Bank Corp increased its stake in Sensient Technologies Corporation by 1.1% in the second quarter. M&T Bank Corp now owns 5,725 shares of the specialty chemicals company’s stock valued at $462,000 after buying an additional 63 shares in the last quarter. Capstone Asset Management Co. increased its stake in Sensient Technologies Corporation by 2.0% in the first quarter. Capstone Asset Management Co. now owns 4,126 shares of the specialty chemicals company’s stock valued at $327,000 after buying an additional 80 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in Sensient Technologies Corporation by 1.2% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,740 shares of the specialty chemicals company’s stock valued at $550,000 after buying an additional 95 shares in the last quarter. 88.94% of the stock is currently owned by institutional investors.
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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