Sensient Technologies (NYSE:SXT) VP David Plautz Purchases 2,150 Shares of Stock

Sensient Technologies Corporation (NYSE:SXT) VP David Plautz purchased 2,150 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were bought at an average cost of $92.98 per share, for a total transaction of $199,907.00. Following the purchase, the vice president owned 2,999 shares of the company’s stock, valued at $278,847.02. This trade represents a 253.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Sensient Technologies Stock Performance

NYSE:SXT opened at $96.08 on Thursday. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61. The company has a market cap of $4.08 billion, a P/E ratio of 30.31 and a beta of 0.56. Sensient Technologies Corporation has a fifty-two week low of $66.14 and a fifty-two week high of $121.54. The firm’s 50 day moving average is $99.36 and its two-hundred day moving average is $100.99.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The company had revenue of $412.11 million for the quarter, compared to the consensus estimate of $407.45 million. During the same quarter last year, the firm posted $0.80 earnings per share. Sensient Technologies’s revenue was up 5.0% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 10th. Sensient Technologies’s dividend payout ratio (DPR) is currently 50.15%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $110.00.

Institutional Investors Weigh In On Sensient Technologies

A number of large investors have recently added to or reduced their stakes in the company. Eminence Capital LP acquired a new stake in Sensient Technologies during the 2nd quarter valued at $99,117,000. Geode Capital Management LLC grew its holdings in Sensient Technologies by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,000,613 shares of the specialty chemicals company’s stock valued at $98,593,000 after purchasing an additional 9,211 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Sensient Technologies during the 2nd quarter worth $91,280,000. Congress Asset Management Co. grew its holdings in Sensient Technologies by 4.4% during the 3rd quarter. Congress Asset Management Co. now owns 716,638 shares of the specialty chemicals company’s stock worth $67,257,000 after acquiring an additional 29,901 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Sensient Technologies by 4,511.3% during the 2nd quarter. American Century Companies Inc. now owns 589,272 shares of the specialty chemicals company’s stock worth $58,055,000 after acquiring an additional 576,493 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

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.