Insider Buying: Sensient Technologies Co. (NYSE:SXT) Major Shareholder Acquires 25,673 Shares of Stock

Sensient Technologies Co. (NYSE:SXTGet Rating) major shareholder Winder Investment Pte Ltd acquired 25,673 shares of the company’s stock in a transaction on Friday, April 8th. The shares were purchased at an average cost of $83.80 per share, for a total transaction of $2,151,397.40. Following the acquisition, the insider now owns 5,359,251 shares of the company’s stock, valued at approximately $449,105,233.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Winder Investment Pte Ltd also recently made the following trade(s):

  • On Wednesday, April 6th, Winder Investment Pte Ltd acquired 17,426 shares of Sensient Technologies stock. The shares were purchased at an average cost of $83.89 per share, for a total transaction of $1,461,867.14.
  • On Monday, April 4th, Winder Investment Pte Ltd acquired 23,659 shares of Sensient Technologies stock. The shares were purchased at an average cost of $85.74 per share, for a total transaction of $2,028,522.66.
  • On Wednesday, March 30th, Winder Investment Pte Ltd acquired 29,015 shares of Sensient Technologies stock. The shares were purchased at an average cost of $84.80 per share, for a total transaction of $2,460,472.00.
  • On Monday, March 28th, Winder Investment Pte Ltd purchased 17,429 shares of Sensient Technologies stock. The shares were bought at an average cost of $81.83 per share, for a total transaction of $1,426,215.07.
  • On Wednesday, March 23rd, Winder Investment Pte Ltd purchased 20,523 shares of Sensient Technologies stock. The shares were bought at an average cost of $79.60 per share, for a total transaction of $1,633,630.80.

Shares of NYSE SXT traded down $1.45 during midday trading on Tuesday, reaching $82.10. 8,165 shares of the company were exchanged, compared to its average volume of 192,843. The company has a current ratio of 3.19, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. Sensient Technologies Co. has a 1 year low of $74.43 and a 1 year high of $106.32. The stock has a fifty day simple moving average of $81.14 and a 200 day simple moving average of $90.56. The stock has a market cap of $3.45 billion, a P/E ratio of 29.40 and a beta of 0.93.

Sensient Technologies (NYSE:SXTGet Rating) last announced its quarterly earnings data on Friday, February 11th. The specialty chemicals company reported $0.73 EPS for the quarter. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $341.27 million. Sensient Technologies had a net margin of 8.60% and a return on equity of 14.10%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Investors of record on Wednesday, February 2nd were given a $0.41 dividend. The ex-dividend date of this dividend was Tuesday, February 1st. This represents a $1.64 dividend on an annualized basis and a yield of 2.00%. Sensient Technologies’s payout ratio is currently 58.36%.

Separately, StockNews.com initiated coverage on Sensient Technologies in a report on Thursday, March 31st. They set a “hold” rating on the stock.

A number of large investors have recently made changes to their positions in the stock. SouthState Corp acquired a new stake in shares of Sensient Technologies during the 3rd quarter valued at approximately $31,000. SG Americas Securities LLC grew its holdings in shares of Sensient Technologies by 72.3% in the 3rd quarter. SG Americas Securities LLC now owns 17,209 shares of the specialty chemicals company’s stock worth $1,567,000 after acquiring an additional 7,220 shares during the period. Guggenheim Capital LLC grew its holdings in shares of Sensient Technologies by 92.6% in the 3rd quarter. Guggenheim Capital LLC now owns 13,448 shares of the specialty chemicals company’s stock worth $1,224,000 after acquiring an additional 6,467 shares during the period. Balyasny Asset Management LLC acquired a new stake in shares of Sensient Technologies in the 3rd quarter worth approximately $11,688,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Sensient Technologies during the 4th quarter worth $22,131,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Sensient Technologies Company Profile (Get Rating)

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Extracts Group, Color Group, and Asia Pacific Group.

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Insider Buying and Selling by Quarter for Sensient Technologies (NYSE:SXT)

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