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

Sensient Technologies Co. (NYSE:SXT) announced a quarterly dividend on Thursday, October 24th, Wall Street Journal reports. Investors of record on Monday, November 4th will be paid a dividend of 0.41 per share by the specialty chemicals company on Monday, December 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, November 4th.

Sensient Technologies has increased its dividend payment by an average of 1.7% per year over the last three years. Sensient Technologies has a dividend payout ratio of 48.0% meaning its dividend is sufficiently covered by earnings.

Sensient Technologies Trading Up 0.2 %

Shares of SXT stock opened at $75.64 on Friday. Sensient Technologies has a 12-month low of $55.02 and a 12-month high of $82.99. The firm has a 50 day moving average price of $77.00 and a two-hundred day moving average price of $75.56. The company has a quick ratio of 1.47, a current ratio of 3.74 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3.21 billion, a PE ratio of 36.19 and a beta of 0.76.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $392.61 million during the quarter, compared to the consensus estimate of $390.64 million. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. As a group, analysts predict that Sensient Technologies will post 2.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SXT shares. StockNews.com raised shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Robert W. Baird increased their price target 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.

Insider Transactions at Sensient Technologies

In related news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total value of $142,160.00. Following the sale, the director now directly owns 15,162 shares of the company’s stock, valued at $1,077,714.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is owned by insiders.

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.