Sensient Technologies (NYSE:SXT) Director Acquires $91,260.00 in Stock

Sensient Technologies Corporation (NYSE:SXT) Director Joseph Carleone purchased 1,000 shares of the stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $91.26 per share, for a total transaction of $91,260.00. Following the acquisition, the director directly owned 22,414 shares of the company’s stock, valued at approximately $2,045,501.64. This represents a 4.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sensient Technologies Price Performance

Shares of SXT stock traded down $2.76 during mid-day trading on Monday, hitting $91.54. The company had a trading volume of 915,731 shares, compared to its average volume of 399,015. Sensient Technologies Corporation has a 52-week low of $66.14 and a 52-week high of $121.54. The stock’s 50 day moving average price is $100.58 and its 200-day moving average price is $100.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The company has a market capitalization of $3.89 billion, a P/E ratio of 28.88 and a beta of 0.56.

Sensient Technologies (NYSE:SXT) last released 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. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The firm had revenue of $412.11 million for the quarter, compared to the consensus estimate of $407.45 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Equities research analysts forecast that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, November 10th. Sensient Technologies’s payout ratio is 50.15%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sensient Technologies in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SXT. AlphaQuest LLC grew its holdings in shares of Sensient Technologies by 118,450.0% in the third quarter. AlphaQuest LLC now owns 2,371 shares of the specialty chemicals company’s stock worth $223,000 after purchasing an additional 2,369 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Sensient Technologies by 1.4% in the third quarter. Arizona State Retirement System now owns 10,679 shares of the specialty chemicals company’s stock worth $1,002,000 after purchasing an additional 151 shares during the last quarter. AE Wealth Management LLC grew its holdings in shares of Sensient Technologies by 16.1% in the third quarter. AE Wealth Management LLC now owns 4,169 shares of the specialty chemicals company’s stock worth $391,000 after purchasing an additional 579 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Sensient Technologies by 14.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,865 shares of the specialty chemicals company’s stock worth $363,000 after purchasing an additional 496 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Sensient Technologies in the third quarter worth about $5,497,000. Institutional investors own 90.86% of the company’s stock.

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.