Insider Selling: Sensient Technologies Co. (NYSE:SXT) Insider Sells $29,188.00 in Stock

Sensient Technologies Co. (NYSE:SXT) insider Steven B. Morris sold 400 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $72.97, for a total value of $29,188.00. Following the transaction, the insider now directly owns 4,082 shares of the company’s stock, valued at $297,863.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sensient Technologies Stock Performance

Shares of NYSE:SXT opened at $74.05 on Friday. The firm has a fifty day simple moving average of $68.86 and a two-hundred day simple moving average of $64.00. The company has a quick ratio of 1.71, a current ratio of 4.31 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $3.14 billion, a P/E ratio of 34.44 and a beta of 0.76. Sensient Technologies Co. has a 52 week low of $52.90 and a 52 week high of $78.70.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). Sensient Technologies had a return on equity of 11.40% and a net margin of 6.16%. The company had revenue of $349.30 million during the quarter, compared to analysts’ expectations of $371.10 million. During the same quarter in the prior year, the business posted $0.64 EPS. The company’s revenue was up .2% on a year-over-year basis. On average, analysts expect that Sensient Technologies Co. will post 2.85 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 6th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.64 annualized dividend and a yield of 2.21%. Sensient Technologies’s payout ratio is presently 76.28%.

Institutional Trading of Sensient Technologies

A number of institutional investors have recently bought and sold shares of the stock. Milestone Investment Advisors LLC purchased a new stake in shares of Sensient Technologies in the third quarter valued at $29,000. Signaturefd LLC grew its holdings in Sensient Technologies by 1,486.7% during the 3rd quarter. Signaturefd LLC now owns 714 shares of the specialty chemicals company’s stock valued at $42,000 after purchasing an additional 669 shares during the last quarter. Covestor Ltd grew its holdings in Sensient Technologies by 32.2% during the 3rd quarter. Covestor Ltd now owns 1,087 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 265 shares during the last quarter. CWM LLC raised its position in Sensient Technologies by 30.5% in the 4th quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock worth $103,000 after purchasing an additional 364 shares during the period. Finally, TFO Wealth Partners LLC boosted its position in shares of Sensient Technologies by 44,075.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,767 shares of the specialty chemicals company’s stock valued at $117,000 after buying an additional 1,763 shares during the period. 90.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their target price on Sensient Technologies from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, April 29th.

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.