Sensient Technologies Corporation (NYSE:SXT – Get Free Report) VP Thierry Hoang sold 400 shares of the firm’s 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 directly owned 13,909 shares in the company, valued at approximately $1,602,177.71. The trade was a 2.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Thierry Hoang also recently made the following trade(s):
- On Monday, May 4th, Thierry Hoang sold 439 shares of Sensient Technologies stock. The shares were sold at an average price of $114.15, for a total transaction of $50,111.85.
Sensient Technologies Stock Up 0.3%
Shares of Sensient Technologies stock opened at $114.46 on Thursday. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 33.76 and a beta of 0.81. The company has a quick ratio of 1.97, a current ratio of 5.01 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $100.12 and its 200 day moving average is $96.93. Sensient Technologies Corporation has a twelve month low of $82.60 and a twelve month high of $129.35.
Sensient Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, May 11th. This represents a $1.64 dividend on an annualized basis and a yield of 1.4%. Sensient Technologies’s dividend payout ratio (DPR) is presently 48.38%.
Hedge Funds Weigh In On Sensient Technologies
Large investors have recently bought and sold shares of the business. Salomon & Ludwin LLC boosted its position in Sensient Technologies by 146.2% during the fourth quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 174 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Sensient Technologies by 313.5% during the fourth quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 232 shares during the last quarter. State of Wyoming purchased a new stake in shares of Sensient Technologies during the third quarter valued at about $32,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sensient Technologies in the 4th quarter valued at about $33,000. Finally, Advisors Asset Management Inc. grew its position in shares of Sensient Technologies by 53.1% in the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 139 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on SXT shares. UBS Group boosted their price objective on Sensient Technologies from $115.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings raised shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Zacks Research upgraded Sensient Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.00.
Check Out Our Latest Stock Report on Sensient Technologies
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.
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