Sensient Technologies Corporation (NYSE:SXT) Director Joseph Carleone bought 1,000 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were purchased at an average price of $75.32 per share, for a total transaction of $75,320.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Sensient Technologies Corporation (SXT) traded down 0.26% on Friday, hitting $72.62. 208,619 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 stock has a market capitalization of $3.19 billion, a P/E ratio of 29.25 and a beta of 1.07. The stock’s 50-day moving average price is $77.32 and its 200-day moving average price is $79.39.
Sensient Technologies Corporation (NYSE:SXT) last released its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates 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%. On average, equities research analysts anticipate that Sensient Technologies Corporation will post $3.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, August 2nd. Sensient Technologies Corporation’s dividend payout ratio is presently 48.39%.
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Several institutional investors have recently added to or reduced their stakes in SXT. Horan Securities Inc. acquired a new position in Sensient Technologies Corporation during the first quarter worth $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 worth $136,000 after buying an additional 1,691 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 during the period. 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 boosted 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 during the period. Institutional investors and hedge funds own 88.94% of the company’s stock.
SXT has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Sensient Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. BidaskClub cut shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
About Sensient Technologies Corporation
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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