Sensient Technologies Corporation (NYSE:SXT) Director Fergus M. Clydesdale sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $76.00, for a total transaction of $152,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sensient Technologies Corporation (NYSE SXT) traded down $0.45 during trading hours on Friday, hitting $75.60. 140,519 shares of the stock were exchanged, compared to its average volume of 196,417. The company has a market capitalization of $3,316.29, a P/E ratio of 22.37 and a beta of 1.08.

Sensient Technologies Corporation (NYSE:SXT) last released its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $353.52 million during the quarter. Sensient Technologies Corporation had a net margin of 7.89% and a return on equity of 17.34%. During the same period in the previous year, the business posted $0.83 earnings per share. equities research analysts predict that Sensient Technologies Corporation will post 3.41 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 6th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.75%. This is an increase from Sensient Technologies Corporation’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 3rd. Sensient Technologies Corporation’s dividend payout ratio (DPR) is presently 49.59%.

Sensient Technologies Corporation declared that its board has approved a share repurchase program on Thursday, October 19th that allows the company to buyback 3,000,000 shares. This buyback authorization allows the specialty chemicals company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Berenberg Bank assumed coverage on shares of Sensient Technologies Corporation in a report on Friday, September 22nd. They issued a “buy” rating and a $88.30 price target for the company. BidaskClub downgraded shares of Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, KeyCorp reissued a “buy” rating and issued a $90.00 price target on shares of Sensient Technologies Corporation in a report on Thursday, August 24th.

Several large investors have recently added to or reduced their stakes in the company. FDx Advisors Inc. bought a new position in shares of Sensient Technologies Corporation during the 3rd quarter worth about $231,000. Old Mutual Global Investors UK Ltd. bought a new position in shares of Sensient Technologies Corporation during the 3rd quarter worth about $394,000. Palisade Capital Management LLC NJ increased its position in shares of Sensient Technologies Corporation by 1.9% during the 3rd quarter. Palisade Capital Management LLC NJ now owns 181,269 shares of the specialty chemicals company’s stock worth $13,943,000 after purchasing an additional 3,345 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Sensient Technologies Corporation during the 3rd quarter worth about $923,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Sensient Technologies Corporation during the 3rd quarter worth about $351,000. 88.61% of the stock is owned by institutional investors.

Sensient Technologies Corporation 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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