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

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 yield of 2.17%. The ex-dividend date of this dividend is Monday, November 4th.

Sensient Technologies has increased its dividend 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 Stock Up 0.2 %

Shares of Sensient Technologies stock opened at $75.64 on Friday. The company has a market capitalization of $3.21 billion, a P/E ratio of 36.19 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.74 and a quick ratio of 1.47. The business has a 50-day moving average of $77.00 and a two-hundred day moving average of $75.56. Sensient Technologies has a 1 year low of $55.02 and a 1 year high of $82.99.

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

Insider Transactions at Sensient Technologies

In related news, Director Gebhardt Deborah Mckeithan sold 2,000 shares of the company’s 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 sale, the director now owns 15,162 shares in the company, valued at approximately $1,077,714.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

SXT has been the subject of a number of research reports. Robert W. Baird increased their target price on Sensient Technologies from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. StockNews.com upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th.

Sensient Technologies Company Profile

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.