Insider Selling: Sensient Technologies Co. (NYSE:SXT) Insider Sells 400 Shares of Stock

Sensient Technologies Co. (NYSE:SXT) insider Steven B. Morris sold 400 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $72.97, for a total transaction of $29,188.00. Following the completion of the sale, the insider now owns 4,082 shares in the company, valued at $297,863.54. The sale was disclosed in a document filed with the SEC, which is available at this link.

Sensient Technologies Stock Down 0.6 %

SXT opened at $74.05 on Friday. Sensient Technologies Co. has a one year low of $52.90 and a one year high of $78.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.71 and a current ratio of 4.31. The stock has a market capitalization of $3.14 billion, a P/E ratio of 34.44 and a beta of 0.76. The business’s 50-day simple moving average is $68.86 and its 200-day simple moving average is $64.00.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). Sensient Technologies had a return on equity of 11.40% and a net margin of 6.16%. The firm had revenue of $349.30 million for the quarter, compared to analyst estimates of $371.10 million. During the same period last year, the firm earned $0.64 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. Analysts anticipate that Sensient Technologies Co. will post 2.85 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 6th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.21%. The ex-dividend date is Friday, May 3rd. Sensient Technologies’s payout ratio is 76.28%.

Analyst Ratings Changes

Separately, Robert W. Baird raised their price target on Sensient Technologies from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, April 29th.

Hedge Funds Weigh In On Sensient Technologies

A number of large investors have recently modified their holdings of the business. Covestor Ltd grew its holdings in Sensient Technologies by 32.2% during the third quarter. Covestor Ltd now owns 1,087 shares of the specialty chemicals company’s stock worth $64,000 after acquiring an additional 265 shares during the period. BRYN MAWR TRUST Co boosted its position in shares of Sensient Technologies by 0.5% during the 3rd quarter. BRYN MAWR TRUST Co now owns 60,126 shares of the specialty chemicals company’s stock worth $3,516,000 after purchasing an additional 270 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Sensient Technologies by 1.3% during the 3rd quarter. Yousif Capital Management LLC now owns 20,942 shares of the specialty chemicals company’s stock worth $1,225,000 after purchasing an additional 274 shares during the period. CWM LLC increased its holdings in shares of Sensient Technologies by 30.5% in the 4th quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 364 shares in the last quarter. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Sensient Technologies in the third quarter valued at about $29,000. 90.86% of the stock is owned by hedge funds and other 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.