Sensient Technologies Corporation (SXT) Downgraded by BidaskClub
BidaskClub downgraded shares of Sensient Technologies Corporation (NYSE:SXT) from a hold rating to a sell rating in a research report released on Thursday.
Separately, Zacks Investment Research lowered Sensient Technologies Corporation from a buy rating to a hold rating in a research note on Wednesday, May 17th.
Sensient Technologies Corporation (NYSE:SXT) traded down 0.355% during trading on Thursday, reaching $74.435. 209,844 shares of the company’s stock were exchanged. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 29.978 and a beta of 1.09. Sensient Technologies Corporation has a 52-week low of $68.51 and a 52-week high of $84.98. The stock’s 50-day moving average price is $80.33 and its 200-day moving average price is $79.77.
Sensient Technologies Corporation (NYSE:SXT) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $338.48 million during the quarter. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. Equities analysts expect that Sensient Technologies Corporation will post $3.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.61%. Sensient Technologies Corporation’s payout ratio is 48.39%.
In related news, Director Joseph Carleone purchased 1,000 shares of the stock in a transaction on Monday, July 24th. The shares were purchased at an average cost of $75.32 per share, for a total transaction of $75,320.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.95% of the company’s stock.
A number of hedge funds have recently made changes to their positions in SXT. Horan Securities Inc. bought a new stake in shares of Sensient Technologies Corporation during the first quarter worth $124,000. Tower Research Capital LLC TRC boosted its stake in shares of Sensient Technologies Corporation by 5,636.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,721 shares of the specialty chemicals company’s stock worth $136,000 after buying an additional 1,691 shares during the period. Airain ltd bought a new stake in shares of Sensient Technologies Corporation during the first quarter worth $202,000. World Asset Management Inc boosted its stake in shares of Sensient Technologies Corporation by 0.4% in the first quarter. World Asset Management Inc now owns 2,739 shares of the specialty chemicals company’s stock worth $217,000 after buying an additional 11 shares during the period. Finally, Dubuque Bank & Trust Co. bought a new stake in shares of Sensient Technologies Corporation during the first quarter worth $233,000. Hedge funds and other institutional investors own 88.98% of the company’s stock.
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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