Sensient Technologies Corp. (SXT) Sees Strong Trading Volume
Sensient Technologies Corp. (NYSE:SXT) shares saw unusually-strong trading volume on Friday . Approximately 304,943 shares changed hands during trading, an increase of 89% from the previous session’s volume of 161,157 shares.The stock last traded at $73.60 and had previously closed at $72.53.
Several analysts have recently weighed in on SXT shares. Zacks Investment Research cut Sensient Technologies Corp. from a “hold” rating to a “sell” rating in a report on Saturday, April 23rd. Gabelli cut Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 25th.
The stock has a market cap of $3.30 billion and a P/E ratio of 31.25. The firm has a 50 day moving average of $72.35 and a 200-day moving average of $66.38.
Sensient Technologies Corp. (NYSE:SXT) last announced its quarterly earnings results on Friday, July 22nd. The company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.05. During the same quarter last year, the business earned $0.80 EPS. The company earned $360.80 million during the quarter, compared to analyst estimates of $348.80 million. On average, equities analysts anticipate that Sensient Technologies Corp. will post $3.24 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.47%.
In related news, Director Essie Whitelaw sold 1,269 shares of Sensient Technologies Corp. stock in a transaction 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 SEC, which is accessible through this hyperlink.
An institutional investor recently raised its position in Sensient Technologies Corp. stock. New York State Common Retirement Fund raised its stake in shares of Sensient Technologies Corp. (NYSE:SXT) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,431 shares of the company’s stock after buying an additional 2,637 shares during the period. New York State Common Retirement Fund owned about 0.13% of Sensient Technologies Corp. worth $3,671,000 as of its most recent filing with the SEC.
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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