Sensient Technologies (NYSE:SXT) Director Sells $49,686.26 in Stock

Sensient Technologies Corporation (NYSE:SXT) Director Essie Whitelaw sold 533 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $93.22, for a total transaction of $49,686.26. Following the transaction, the director directly owned 21,101 shares of the company’s stock, valued at $1,967,035.22. This represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Essie Whitelaw also recently made the following trade(s):

• On Wednesday, December 3rd, Essie Whitelaw sold 3,985 shares of Sensient Technologies stock. The stock was sold at an average price of $95.02, for a total transaction of $378,654.70.

Sensient Technologies Stock Performance

Shares of SXT opened at $92.29 on Friday. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 28.22 and a beta of 0.58. Sensient Technologies Corporation has a 12 month low of $66.14 and a 12 month high of $121.54. The firm has a fifty day simple moving average of $94.13 and a 200 day simple moving average of $101.54. The company has a current ratio of 4.59, a quick ratio of 1.79 and a debt-to-equity ratio of 0.60.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. Sensient Technologies had a net margin of 8.72% and a return on equity of 12.91%. The firm had revenue of $412.11 million for the quarter, compared to analysts’ expectations of $407.45 million. During the same period in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Research analysts forecast that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 10th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.64 annualized dividend and a yield of 1.8%. Sensient Technologies’s dividend payout ratio is 50.15%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $110.00.

Institutional Investors Weigh In On Sensient Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. CIBC Bancorp USA Inc. bought a new position in Sensient Technologies during the third quarter worth about $423,000. Voss Capital LP raised its stake in Sensient Technologies by 200.0% in the third quarter. Voss Capital LP now owns 75,000 shares of the specialty chemicals company’s stock valued at $7,039,000 after buying an additional 50,000 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of Sensient Technologies by 88.3% in the third quarter. Coldstream Capital Management Inc. now owns 5,548 shares of the specialty chemicals company’s stock valued at $521,000 after buying an additional 2,601 shares during the last quarter. Danske Bank A S bought a new position in shares of Sensient Technologies during the 3rd quarter worth approximately $47,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Sensient Technologies by 34,450.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 691 shares of the specialty chemicals company’s stock worth $65,000 after acquiring an additional 689 shares during the last quarter. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Company Profile

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.