Shares of Sensient Technologies Co. (NYSE:SXT - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $98.27 and last traded at $94.81, with a volume of 332848 shares traded. The stock had previously closed at $95.64.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on SXT shares. StockNews.com lowered shares of Sensient Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, March 22nd. Robert W. Baird upped their target price on shares of Sensient Technologies from $85.00 to $93.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th.
Read Our Latest Analysis on SXT
Sensient Technologies Price Performance
The stock's 50 day moving average is $80.32 and its two-hundred day moving average is $76.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34. The stock has a market capitalization of $4.01 billion, a PE ratio of 32.11 and a beta of 0.58.
Sensient Technologies (NYSE:SXT - Get Free Report) last released 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 firm had revenue of $392.33 million for the quarter, compared to analyst estimates of $387.70 million. Sensient Technologies had a net margin of 8.01% and a return on equity of 11.93%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. As a group, sell-side analysts forecast that Sensient Technologies Co. will post 3.1 earnings per share for the current fiscal year.
Sensient Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.64 annualized dividend and a yield of 1.74%. Sensient Technologies's dividend payout ratio is currently 54.30%.
Insider Buying and Selling at Sensient Technologies
In other Sensient Technologies news, Director Mario Ferruzzi sold 1,668 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $95.45, for a total value of $159,210.60. Following the transaction, the director now directly owns 7,946 shares in the company, valued at $758,445.70. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Sensient Technologies
Hedge funds have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in Sensient Technologies in the fourth quarter valued at approximately $25,000. GAMMA Investing LLC grew its position in shares of 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 last quarter. Jones Financial Companies Lllp grew its position in shares of Sensient Technologies by 18,766.7% during the fourth quarter. Jones Financial Companies Lllp now owns 566 shares of the specialty chemicals company's stock worth $40,000 after acquiring an additional 563 shares during the last quarter. Quarry LP purchased a new position in shares of Sensient Technologies during the fourth quarter worth approximately $50,000. Finally, R Squared Ltd purchased a new position in shares of Sensient Technologies during the fourth quarter worth approximately $65,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.
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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