David Plautz Acquires 2,150 Shares of Sensient Technologies (NYSE:SXT) Stock

Sensient Technologies Corporation (NYSE:SXT) VP David Plautz acquired 2,150 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were bought at an average price of $92.98 per share, for a total transaction of $199,907.00. Following the purchase, the vice president owned 2,999 shares in the company, valued at approximately $278,847.02. This represents a 253.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Sensient Technologies Price Performance

Shares of SXT opened at $91.97 on Friday. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 29.01 and a beta of 0.61. Sensient Technologies Corporation has a 1-year low of $66.14 and a 1-year high of $121.54. The company’s fifty day simple moving average is $98.90 and its 200 day simple moving average is $100.93. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The firm had revenue of $412.11 million during the quarter, compared to analysts’ expectations of $407.45 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, research analysts forecast that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 10th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.8%. Sensient Technologies’s payout ratio is presently 50.15%.

Institutional Investors Weigh In On Sensient Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 248 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Sensient Technologies by 29.1% during the first quarter. Teacher Retirement System of Texas now owns 43,534 shares of the specialty chemicals company’s stock worth $3,240,000 after purchasing an additional 9,817 shares during the period. Principal Financial Group Inc. raised its position in shares of Sensient Technologies by 2.3% in the first quarter. Principal Financial Group Inc. now owns 220,906 shares of the specialty chemicals company’s stock valued at $16,442,000 after buying an additional 5,011 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Sensient Technologies by 248.1% in the first quarter. Envestnet Asset Management Inc. now owns 24,073 shares of the specialty chemicals company’s stock valued at $1,792,000 after buying an additional 17,157 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its position in Sensient Technologies by 11.9% during the first quarter. Linden Thomas Advisory Services LLC now owns 11,491 shares of the specialty chemicals company’s stock worth $855,000 after buying an additional 1,226 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sensient Technologies in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.