According to Zacks, “Sensient Technologies Corporation is a leading global supplier of colors, flavors and fragrances. Using sophisticated technologies at facilities around the world, the Company develops unique formulations and ingredients that bring life to its customers’ products. Sensient manufactures a full range of ink-jet inks, cosmetic and pharmaceutical additives, as well as colors and flavors for many of the world’s best-known brands. (Press Release) “
SXT has been the topic of several other reports. Sidoti started coverage on Sensient Technologies Corp. in a research report on Friday, September 2nd. They set a neutral rating on the stock. Gabelli cut Sensient Technologies Corp. from a buy rating to a hold rating in a research report on Monday, July 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $73.75.
Sensient Technologies Corp. (NYSE:SXT) opened at 75.01 on Tuesday. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 31.85 and a beta of 1.02. Sensient Technologies Corp. has a 12-month low of $52.69 and a 12-month high of $76.07. The stock has a 50 day moving average price of $74.34 and a 200 day moving average price of $69.85.
Sensient Technologies Corp. (NYSE:SXT) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.05. The business had revenue of $360.80 million for the quarter, compared to analysts’ expectations of $348.80 million. Sensient Technologies Corp. had a return on equity of 16.08% and a net margin of 7.65%. During the same period in the previous year, the firm posted $0.80 EPS. On average, analysts expect that Sensient Technologies Corp. will post $3.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 5th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. Sensient Technologies Corp.’s payout ratio is 45.96%.
In other news, Director Essie Whitelaw sold 1,269 shares of Sensient Technologies Corp. stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $74.00, for a total transaction of $93,906.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.87% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in Sensient Technologies Corp. by 0.4% in the first quarter. State Street Corp now owns 1,415,860 shares of the company’s stock valued at $89,848,000 after buying an additional 5,611 shares during the last quarter. Miles Capital Inc. purchased a new position in shares of Sensient Technologies Corp. during the first quarter worth $259,000. M&T Bank Corp purchased a new position in shares of Sensient Technologies Corp. during the first quarter worth $400,000. Royce & Associates LP raised its position in shares of Sensient Technologies Corp. by 5.9% in the first quarter. Royce & Associates LP now owns 49,849 shares of the company’s stock worth $3,163,000 after buying an additional 2,761 shares during the last quarter. Finally, Palisade Capital Management LLC NJ raised its position in shares of Sensient Technologies Corp. by 16.1% in the first quarter. Palisade Capital Management LLC NJ now owns 224,052 shares of the company’s stock worth $14,218,000 after buying an additional 31,069 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Sensient Technologies Corp. Company Profile
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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