Sensient Technologies (SXT) Reaches New 1-Year Low at $60.49
Sensient Technologies Co. (NYSE:SXT)’s share price hit a new 52-week low on Thursday . The company traded as low as $60.49 and last traded at $61.29, with a volume of 264956 shares trading hands. The stock had previously closed at $62.26.
A number of brokerages have weighed in on SXT. ValuEngine upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Zacks Investment Research lowered shares of Sensient Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 24th. Berenberg Bank set a $82.00 price target on shares of Sensient Technologies and gave the company a “buy” rating in a report on Monday, October 22nd. KeyCorp decreased their price target on shares of Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Monday, October 22nd. Finally, TheStreet upgraded shares of Sensient Technologies from a “c+” rating to a “b” rating in a report on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $81.75.
The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.80 and a current ratio of 4.30. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 17.96 and a beta of 0.91.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 5th were issued a dividend of $0.36 per share. This is a positive change from Sensient Technologies’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, November 2nd. This represents a $1.44 annualized dividend and a dividend yield of 2.34%. Sensient Technologies’s payout ratio is presently 42.11%.
In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan bought 2,000 shares of Sensient Technologies stock in a transaction that occurred on Monday, October 22nd. The shares were acquired at an average price of $64.02 per share, for a total transaction of $128,040.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.94% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Horan Capital Advisors LLC. acquired a new position in Sensient Technologies in the 2nd quarter worth $111,000. Tower Research Capital LLC TRC lifted its holdings in Sensient Technologies by 54.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,282 shares of the specialty chemicals company’s stock worth $164,000 after buying an additional 808 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Sensient Technologies by 1,383.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 45,750 shares of the specialty chemicals company’s stock worth $204,000 after buying an additional 42,666 shares in the last quarter. Stanley Laman Group Ltd. acquired a new position in Sensient Technologies in the 3rd quarter worth $204,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Sensient Technologies in the 3rd quarter worth $209,000. Institutional investors and hedge funds own 99.77% of the company’s stock.
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Sensient Technologies Company Profile (NYSE:SXT)
Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.
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