Sensient Technologies Corporation Plans Quarterly Dividend of $0.41 (NYSE:SXT)

Sensient Technologies Corporation (NYSE:SXT) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 3rd will be given a dividend of 0.41 per share by the specialty chemicals company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd.

Sensient Technologies has increased its dividend by an average of 0.0%annually over the last three years. Sensient Technologies has a payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sensient Technologies to earn $4.65 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 35.3%.

Sensient Technologies Trading Up 7.4%

Shares of Sensient Technologies stock traded up $8.61 during mid-day trading on Friday, hitting $125.64. The stock had a trading volume of 1,193,737 shares, compared to its average volume of 414,506. The firm has a 50-day moving average of $116.48 and a two-hundred day moving average of $104.09. The firm has a market cap of $5.35 billion, a P/E ratio of 37.07 and a beta of 0.78. The company has a quick ratio of 1.97, a current ratio of 5.01 and a debt-to-equity ratio of 0.63. Sensient Technologies has a 12-month low of $82.60 and a 12-month high of $129.35.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.03 by $0.17. Sensient Technologies had a net margin of 8.71% and a return on equity of 13.12%. The firm had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. During the same quarter in the previous year, the company earned $0.88 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Sell-side analysts forecast that Sensient Technologies will post 3.9 earnings per share for the current year.

Insider Transactions at Sensient Technologies

In other news, VP Thierry Hoang sold 400 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $115.19, for a total transaction of $46,076.00. Following the sale, the vice president owned 13,909 shares of the company’s stock, valued at approximately $1,602,177.71. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Handelsbanken Fonder AB increased its position in shares of Sensient Technologies by 8.0% during the second quarter. Handelsbanken Fonder AB now owns 13,537 shares of the specialty chemicals company’s stock worth $1,669,000 after purchasing an additional 1,000 shares in the last quarter. GAMMA Investing LLC boosted its stake in Sensient Technologies by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the specialty chemicals company’s stock worth $116,000 after purchasing an additional 244 shares during the period. ADAR1 Capital Management LLC purchased a new stake in shares of Sensient Technologies in the first quarter valued at about $1,297,000. Amundi grew its holdings in shares of Sensient Technologies by 42.7% during the first quarter. Amundi now owns 11,398 shares of the specialty chemicals company’s stock worth $985,000 after buying an additional 3,410 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Sensient Technologies by 26.4% in the 1st quarter. California State Teachers Retirement System now owns 43,777 shares of the specialty chemicals company’s stock valued at $3,784,000 after acquiring an additional 9,146 shares during the period. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Company Profile

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.