Sensient Technologies Co. (NYSE:SXT) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 1,760,000 shares, a drop of 8.8% from the September 30th total of 1,930,000 shares. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily volume of 239,200 shares, the days-to-cover ratio is presently 7.4 days.
Sensient Technologies stock traded down $0.20 during midday trading on Friday, reaching $62.80. 1,018,945 shares of the company were exchanged, compared to its average volume of 311,966. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 20.13 and a beta of 0.95. The firm’s 50-day simple moving average is $64.35 and its 200-day simple moving average is $68.21. Sensient Technologies has a 1 year low of $51.93 and a 1 year high of $75.21. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.68 and a current ratio of 4.12.
Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, October 18th. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The company had revenue of $317.70 million for the quarter, compared to analysts’ expectations of $344.11 million. Sensient Technologies had a return on equity of 14.98% and a net margin of 9.92%. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. On average, analysts forecast that Sensient Technologies will post 2.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a $0.39 dividend. This is a boost from Sensient Technologies’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.56 annualized dividend and a yield of 2.48%. Sensient Technologies’s payout ratio is 43.94%.
A number of institutional investors and hedge funds have recently bought and sold shares of SXT. FMR LLC grew its holdings in Sensient Technologies by 16,513.9% in the 1st quarter. FMR LLC now owns 172,452 shares of the specialty chemicals company’s stock valued at $11,691,000 after buying an additional 171,414 shares during the period. First National Bank of Omaha grew its holdings in Sensient Technologies by 2.4% in the 2nd quarter. First National Bank of Omaha now owns 24,519 shares of the specialty chemicals company’s stock valued at $1,802,000 after buying an additional 570 shares during the period. Rothschild Investment Corp IL purchased a new stake in Sensient Technologies in the 2nd quarter valued at about $209,000. Diversified Trust Co grew its holdings in Sensient Technologies by 8.3% in the 2nd quarter. Diversified Trust Co now owns 7,493 shares of the specialty chemicals company’s stock valued at $551,000 after buying an additional 575 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Sensient Technologies by 20.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,795 shares of the specialty chemicals company’s stock valued at $867,000 after buying an additional 2,000 shares during the period. Institutional investors own 96.48% of the company’s stock.
SXT has been the subject of a number of recent research reports. Zacks Investment Research cut Sensient Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Sidoti initiated coverage on Sensient Technologies in a research report on Tuesday, September 24th. They set a “neutral” rating for the company. Finally, Seaport Global Securities cut Sensient Technologies from a “buy” rating to a “neutral” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $73.25.
Sensient Technologies Company Profile
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.
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