Sensient Technologies Corporation (SXT) to Issue Quarterly Dividend of $0.41 on December 1st

Sensient Technologies Corporation (NYSE:SXT) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.41 per share by the specialty chemicals company on Tuesday, December 1st. This represents a $1.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 9th.

Sensient Technologies has a dividend payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sensient Technologies to earn $4.90 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 33.5%.

Sensient Technologies Stock Performance

Sensient Technologies stock opened at $119.25 on Friday. The company has a current ratio of 3.97, a quick ratio of 1.52 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $129.98 and a 200 day moving average price of $114.20. The firm has a market capitalization of $5.08 billion, a P/E ratio of 30.04 and a beta of 0.86. Sensient Technologies has a 52 week low of $82.60 and a 52 week high of $138.82.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, October 30th. The specialty chemicals company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. The business had revenue of $455.84 million for the quarter, compared to the consensus estimate of $459.05 million. Sensient Technologies had a net margin of 9.69% and a return on equity of 14.08%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. Equities research analysts anticipate that Sensient Technologies will post 4.20 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SXT shares. Robert W. Baird upped their price objective on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Zacks Research downgraded shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Wall Street Zen downgraded shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. UBS Group decreased their target price on shares of Sensient Technologies from $157.00 to $154.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Finally, Weiss Ratings cut Sensient Technologies from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Sensient Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.67.

About Sensient Technologies

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.