Sensient Technologies (NYSE:SXT) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Sensient Technologies Co. (NYSE:SXT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $75.95 and traded as high as $76.40. Sensient Technologies shares last traded at $76.02, with a volume of 96,724 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th.

Sensient Technologies Stock Down 0.4 %

The company has a market capitalization of $3.22 billion, a P/E ratio of 36.37 and a beta of 0.77. 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 company has a 50 day moving average of $74.50 and a 200-day moving average of $75.95.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, October 25th. The specialty chemicals company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The firm 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%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. As a group, equities analysts anticipate that Sensient Technologies Co. will post 2.82 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 4th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, February 4th. Sensient Technologies’s payout ratio is 78.47%.

Insider Activity at Sensient Technologies

In related news, insider Michael C. Geraghty sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $80.48, for a total transaction of $321,920.00. Following the sale, the insider now owns 36,518 shares of the company’s stock, valued at $2,938,968.64. The trade was a 9.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sensient Technologies

A number of hedge funds have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC purchased a new position in Sensient Technologies in the second quarter worth about $214,000. XTX Topco Ltd bought a new position in Sensient Technologies during the 2nd quarter valued at about $308,000. Evergreen Capital Management LLC purchased a new stake in Sensient Technologies in the second quarter worth approximately $308,000. The Manufacturers Life Insurance Company boosted its stake in shares of Sensient Technologies by 3.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,413 shares of the specialty chemicals company’s stock worth $1,663,000 after buying an additional 665 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Sensient Technologies in the second quarter worth $425,000. Institutional investors own 90.86% of the company’s stock.

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.