Insider Selling: Sensient Technologies Co. (NYSE:SXT) Director Sells $142,160.00 in Stock

Sensient Technologies Co. (NYSE:SXT) Director Gebhardt Deborah Mckeithan sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $71.08, for a total transaction of $142,160.00. Following the transaction, the director now directly owns 15,162 shares of the company’s stock, valued at $1,077,714.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sensient Technologies Stock Up 0.2 %

Shares of SXT stock opened at $73.06 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.72 and a current ratio of 4.16. The stock has a market cap of $3.10 billion, a PE ratio of 33.98 and a beta of 0.76. The business’s fifty day moving average is $75.51 and its 200-day moving average is $71.67. Sensient Technologies Co. has a 1 year low of $52.90 and a 1 year high of $82.99.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, July 26th. The specialty chemicals company reported $0.77 EPS for the quarter. Sensient Technologies had a net margin of 5.83% and a return on equity of 11.25%. The firm had revenue of $403.53 million for the quarter. Equities analysts expect that Sensient Technologies Co. will post 2.82 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 5th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Monday, August 5th. Sensient Technologies’s payout ratio is 76.28%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their price objective on Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. StockNews.com downgraded Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SXT. Vanguard Group Inc. boosted its stake in shares of Sensient Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,389,711 shares of the specialty chemicals company’s stock worth $355,721,000 after acquiring an additional 64,683 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Sensient Technologies by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,208,815 shares of the specialty chemicals company’s stock valued at $89,683,000 after purchasing an additional 39,290 shares during the last quarter. Norges Bank purchased a new stake in shares of Sensient Technologies during the fourth quarter valued at $36,188,000. Charles Schwab Investment Management Inc. boosted its position in shares of Sensient Technologies by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 545,922 shares of the specialty chemicals company’s stock valued at $36,031,000 after purchasing an additional 32,006 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Sensient Technologies by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 541,998 shares of the specialty chemicals company’s stock worth $40,211,000 after purchasing an additional 27,967 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

About Sensient Technologies

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.