Insider Selling: Sensient Technologies (NYSE:SXT) Director Sells 533 Shares of Stock

Sensient Technologies Corporation (NYSE:SXT) Director Essie Whitelaw sold 533 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $93.22, for a total transaction of $49,686.26. Following the completion of the transaction, the director directly owned 21,101 shares in the company, valued at $1,967,035.22. The trade was a 2.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Essie Whitelaw also recently made the following trade(s):

• On Wednesday, December 3rd, Essie Whitelaw sold 3,985 shares of Sensient Technologies stock. The shares were sold at an average price of $95.02, for a total transaction of $378,654.70.

Sensient Technologies Trading Up 1.9%

NYSE:SXT traded up $1.80 during trading hours on Thursday, reaching $94.42. The company’s stock had a trading volume of 261,352 shares, compared to its average volume of 391,183. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.79 and a current ratio of 4.59. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 28.88 and a beta of 0.58. The firm has a 50-day simple moving average of $94.24 and a 200-day simple moving average of $101.56. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. The company had revenue of $412.11 million for the quarter, compared to the consensus estimate of $407.45 million. Sensient Technologies had a net margin of 8.72% and a return on equity of 12.91%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Research analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 10th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.64 dividend on an annualized basis and a yield of 1.7%. Sensient Technologies’s dividend payout ratio (DPR) is presently 50.15%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. purchased a new stake in Sensient Technologies during the 3rd quarter valued at about $423,000. Voss Capital LP lifted its stake in shares of Sensient Technologies by 200.0% in the third quarter. Voss Capital LP now owns 75,000 shares of the specialty chemicals company’s stock worth $7,039,000 after buying an additional 50,000 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Sensient Technologies by 88.3% during the third quarter. Coldstream Capital Management Inc. now owns 5,548 shares of the specialty chemicals company’s stock valued at $521,000 after buying an additional 2,601 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Sensient Technologies during the third quarter valued at approximately $47,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Sensient Technologies by 34,450.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 691 shares of the specialty chemicals company’s stock valued at $65,000 after acquiring an additional 689 shares in the last quarter. Institutional investors own 90.86% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Sensient Technologies in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $110.00.

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.