Sensient Technologies Corp. (SXT) Sees Strong Trading Volume
Sensient Technologies Corp. (NYSE:SXT) saw unusually-high trading volume on Friday . Approximately 304,943 shares were traded 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.
SXT has been the subject of several analyst reports. Zacks Investment Research cut Sensient Technologies Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, April 23rd. Gabelli cut Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 25th.
The stock has a 50-day moving average of $72.35 and a 200-day moving average of $66.38. The firm has a market capitalization of $3.30 billion and a PE ratio of 31.25.
Sensient Technologies Corp. (NYSE:SXT) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.05. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The business had revenue of $360.80 million for the quarter, compared to analysts’ expectations of $348.80 million. On average, equities analysts expect that Sensient Technologies Corp. will post $3.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders 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 yield of 1.47%.
In other Sensient Technologies Corp. news, Director Essie Whitelaw sold 1,269 shares of Sensient Technologies Corp. stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $74.00, for a total transaction of $93,906.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
A hedge fund recently raised its stake in Sensient Technologies Corp. stock. New York State Common Retirement Fund boosted its stake in Sensient Technologies Corp. (NYSE:SXT) by 4.7% during the fourth quarter, according to its most recent disclosure 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 0.13% of Sensient Technologies Corp. worth $3,671,000 at the end of the most recent quarter.
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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