Sensient Technologies Co. (SXT) To Go Ex-Dividend on November 4th

Sensient Technologies Co. (NYSE:SXT) declared a quarterly dividend on Thursday, October 24th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, November 4th.

Sensient Technologies has raised its dividend payment by an average of 1.7% annually 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 Price Performance

Shares of NYSE:SXT opened at $75.67 on Friday. Sensient Technologies has a 12 month low of $55.02 and a 12 month high of $82.99. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 36.21 and a beta of 0.76. The business’s 50 day simple moving average is $77.00 and its 200-day simple moving average is $75.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.74 and a quick ratio of 1.47.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $392.61 million for the quarter, compared to analyst estimates of $390.64 million. Sensient Technologies had a return on equity of 11.41% and a net margin of 5.80%. Sensient Technologies’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. As a group, equities analysts forecast that Sensient Technologies will post 2.82 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of Sensient Technologies stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $71.08, for a total transaction of $142,160.00. Following the completion of the sale, the director now owns 15,162 shares in the company, valued at approximately $1,077,714.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SXT shares. StockNews.com upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Robert W. Baird raised their price objective on shares of Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th.

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.