Sensient Technologies Co. (NYSE:SXT) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,044,401 shares, an increase of 54.1% from the January 12th total of 677,792 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 391,755 shares, the short-interest ratio is presently 2.7 days.
In other news, Director Hank Brown sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $71.78, for a total value of $143,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gebhardt Deborah Mckeithan purchased 1,000 shares of Sensient Technologies stock in a transaction dated Tuesday, February 20th. The stock was bought at an average price of $72.10 per share, with a total value of $72,100.00. The disclosure for this purchase can be found here. Insiders own 0.95% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Tributary Capital Management LLC grew its stake in Sensient Technologies by 11.1% during the third quarter. Tributary Capital Management LLC now owns 238,051 shares of the specialty chemicals company’s stock worth $18,311,000 after buying an additional 23,809 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Sensient Technologies by 5.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 304,694 shares of the specialty chemicals company’s stock worth $23,438,000 after buying an additional 14,917 shares in the last quarter. Sei Investments Co. grew its stake in Sensient Technologies by 59.8% during the third quarter. Sei Investments Co. now owns 5,520 shares of the specialty chemicals company’s stock worth $424,000 after buying an additional 2,066 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in Sensient Technologies during the third quarter worth about $394,000. Finally, Public Employees Retirement System of Ohio grew its stake in Sensient Technologies by 792.9% during the third quarter. Public Employees Retirement System of Ohio now owns 25,224 shares of the specialty chemicals company’s stock worth $1,940,000 after buying an additional 22,399 shares in the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.
Sensient Technologies (NYSE SXT) opened at $72.40 on Friday. The firm has a market cap of $3,143.31, a PE ratio of 21.14, a PEG ratio of 2.21 and a beta of 0.98. Sensient Technologies has a 1 year low of $65.60 and a 1 year high of $84.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.39 and a quick ratio of 1.25.
Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The company had revenue of $328.87 million for the quarter. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%. sell-side analysts predict that Sensient Technologies will post 3.8 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 6th will be paid a $0.33 dividend. The ex-dividend date is Monday, February 5th. This represents a $1.32 annualized dividend and a dividend yield of 1.82%. Sensient Technologies’s dividend payout ratio (DPR) is presently 65.02%.
SXT has been the topic of a number of research reports. KeyCorp reissued a “buy” rating and issued a $90.00 price objective on shares of Sensient Technologies in a research report on Friday, November 3rd. Gabelli raised shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Monday, February 12th. TheStreet lowered shares of Sensient Technologies from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, Off Wall Street began coverage on shares of Sensient Technologies in a research report on Monday, December 18th. They set a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $90.77.
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About Sensient Technologies
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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