Sensient Technologies Corporation (NYSE:SXT - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $110.80 and last traded at $108.68, with a volume of 244 shares traded. The stock had previously closed at $108.63.
Wall Street Analysts Forecast Growth
SXT has been the subject of several recent research reports. CJS Securities started coverage on Sensient Technologies in a research report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 price target for the company. Wall Street Zen cut Sensient Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 22nd. Finally, Robert W. Baird raised their price objective on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd.
Get Our Latest Stock Report on SXT
Sensient Technologies Trading Up 0.3%
The company has a debt-to-equity ratio of 0.62, a current ratio of 4.34 and a quick ratio of 1.74. The stock has a market cap of $4.66 billion, a P/E ratio of 36.34 and a beta of 0.56. The firm's fifty day moving average price is $98.38 and its two-hundred day moving average price is $83.07.
Sensient Technologies (NYSE:SXT - Get Free Report) last announced its earnings results on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $392.33 million for the quarter, compared to analyst estimates of $387.70 million. Sensient Technologies had a return on equity of 12.14% and a net margin of 8.19%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 EPS. As a group, equities research analysts forecast that Sensient Technologies Corporation will post 3.1 EPS for the current year.
Sensient Technologies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a dividend of $0.41 per share. The ex-dividend date was Monday, May 12th. This represents a $1.64 annualized dividend and a yield of 1.49%. Sensient Technologies's payout ratio is presently 54.30%.
Insider Activity at Sensient Technologies
In other news, Director Mario Ferruzzi sold 1,668 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $95.45, for a total transaction of $159,210.60. Following the sale, the director owned 7,946 shares in the company, valued at approximately $758,445.70. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in SXT. GAMMA Investing LLC boosted its holdings in shares of Sensient Technologies by 132.6% in the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 248 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Sensient Technologies by 18,766.7% in the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 563 shares in the last quarter. Quarry LP purchased a new stake in Sensient Technologies in the fourth quarter worth approximately $50,000. Covestor Ltd grew its position in Sensient Technologies by 49.4% during the fourth quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company's stock valued at $66,000 after acquiring an additional 304 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new position in shares of Sensient Technologies during the second quarter worth approximately $89,000. Institutional investors own 90.86% of the company's stock.
About Sensient Technologies
(
Get Free Report)
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.
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