Sensient Technologies Co. (NYSE:SXT) Director Gebhardt Deborah Mckeithan purchased 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were acquired at an average price of $72.10 per share, with a total value of $72,100.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of Sensient Technologies Co. (NYSE SXT) traded down $0.36 on Tuesday, reaching $72.16. 443,642 shares of the company’s stock were exchanged, compared to its average volume of 406,093. The company has a market capitalization of $3,140.00, a PE ratio of 29.33, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The company has a current ratio of 3.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. Sensient Technologies Co. has a 1 year low of $65.60 and a 1 year high of $84.98.
Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 EPS for the quarter, hitting analysts’ consensus estimates of $0.84. The firm had revenue of $328.87 million during the quarter. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%. analysts expect that Sensient Technologies Co. will post 3.8 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 6th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Monday, February 5th. Sensient Technologies’s dividend payout ratio (DPR) is currently 53.66%.
Several large investors have recently bought and sold shares of SXT. PNC Financial Services Group Inc. raised its stake in shares of Sensient Technologies by 4.6% in the second quarter. PNC Financial Services Group Inc. now owns 3,384 shares of the specialty chemicals company’s stock valued at $273,000 after acquiring an additional 149 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Sensient Technologies by 6.3% in the second quarter. Royal Bank of Canada now owns 38,039 shares of the specialty chemicals company’s stock valued at $3,063,000 after acquiring an additional 2,246 shares during the last quarter. State Street Corp raised its stake in shares of Sensient Technologies by 4.2% in the second quarter. State Street Corp now owns 1,488,505 shares of the specialty chemicals company’s stock valued at $119,869,000 after acquiring an additional 60,015 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Sensient Technologies by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 97,130 shares of the specialty chemicals company’s stock valued at $7,822,000 after acquiring an additional 435 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Sensient Technologies by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock valued at $227,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 92.14% of the company’s stock.
A number of research analysts have commented on the stock. Off Wall Street assumed coverage on shares of Sensient Technologies in a research note on Monday, December 18th. They set a “sell” rating for the company. KeyCorp restated a “buy” rating and set a $90.00 price target on shares of Sensient Technologies in a research note on Friday, November 3rd. TheStreet cut shares of Sensient Technologies from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Gabelli upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $90.77.
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About Sensient Technologies
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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