Sensient Technologies Co. (NYSE:SXT) Insider Michael C. Geraghty Sells 4,000 Shares

Sensient Technologies Co. (NYSE:SXT) insider Michael C. Geraghty sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $80.48, for a total value of $321,920.00. Following the transaction, the insider now owns 36,518 shares of the company’s stock, valued at approximately $2,938,968.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sensient Technologies Stock Performance

Shares of NYSE:SXT traded down $1.17 on Friday, hitting $79.57. The company’s stock had a trading volume of 228,055 shares, compared to its average volume of 174,749. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 38.63 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.47 and a current ratio of 3.74. Sensient Technologies Co. has a 12 month low of $55.02 and a 12 month high of $82.99. The stock’s 50-day moving average is $77.20 and its two-hundred day moving average is $75.85.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. Sensient Technologies had a net margin of 5.80% and a return on equity of 11.41%. The firm had revenue of $392.61 million during the quarter, compared to analyst estimates of $390.64 million. During the same quarter in the prior year, the firm posted $0.75 EPS. Sensient Technologies’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.64 dividend on an annualized basis and a yield of 2.06%. Sensient Technologies’s dividend payout ratio (DPR) is 78.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Robert W. Baird upped their target price on shares of Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

Hedge Funds Weigh In On Sensient Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Sensient Technologies during the second quarter valued at about $29,000. nVerses Capital LLC bought a new position in shares of Sensient Technologies during the 3rd quarter valued at about $72,000. Hantz Financial Services Inc. acquired a new position in shares of Sensient Technologies in the 2nd quarter worth approximately $129,000. Blue Trust Inc. raised its holdings in shares of Sensient Technologies by 2,753.7% in the 3rd quarter. Blue Trust Inc. now owns 1,912 shares of the specialty chemicals company’s stock worth $142,000 after purchasing an additional 1,845 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Sensient Technologies during the first quarter valued at approximately $203,000. 90.86% of the stock is owned by institutional investors.

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.