Sensient Technologies Co. (NYSE:SXT) Major Shareholder Acquires $2,740,645.58 in Stock

Sensient Technologies Co. (NYSE:SXTGet Rating) major shareholder Winder Investment Pte Ltd purchased 33,394 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The stock was acquired at an average price of $82.07 per share, for a total transaction of $2,740,645.58. Following the purchase, the insider now owns 5,948,879 shares in the company, valued at approximately $488,224,499.53. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, May 6th, Winder Investment Pte Ltd bought 41,623 shares of Sensient Technologies stock. The shares were bought at an average cost of $82.45 per share, with a total value of $3,431,816.35.
  • On Wednesday, May 4th, Winder Investment Pte Ltd bought 28,454 shares of Sensient Technologies stock. The shares were purchased at an average price of $86.47 per share, for a total transaction of $2,460,417.38.
  • On Monday, May 2nd, Winder Investment Pte Ltd bought 40,471 shares of Sensient Technologies stock. The stock was acquired at an average cost of $85.68 per share, with a total value of $3,467,555.28.
  • On Friday, April 29th, Winder Investment Pte Ltd bought 50,000 shares of Sensient Technologies stock. The stock was acquired at an average cost of $85.34 per share, with a total value of $4,267,000.00.
  • On Wednesday, April 27th, Winder Investment Pte Ltd bought 28,194 shares of Sensient Technologies stock. The shares were bought at an average price of $83.27 per share, with a total value of $2,347,714.38.
  • On Monday, April 25th, Winder Investment Pte Ltd bought 25,376 shares of Sensient Technologies stock. The shares were bought at an average price of $83.76 per share, with a total value of $2,125,493.76.
  • On Thursday, April 21st, Winder Investment Pte Ltd bought 32,670 shares of Sensient Technologies stock. The stock was purchased at an average cost of $84.21 per share, for a total transaction of $2,751,140.70.
  • On Tuesday, April 19th, Winder Investment Pte Ltd bought 12,870 shares of Sensient Technologies stock. The stock was purchased at an average cost of $84.50 per share, for a total transaction of $1,087,515.00.
  • On Wednesday, April 13th, Winder Investment Pte Ltd bought 18,817 shares of Sensient Technologies stock. The shares were acquired at an average price of $83.40 per share, with a total value of $1,569,337.80.
  • On Monday, April 11th, Winder Investment Pte Ltd bought 25,386 shares of Sensient Technologies stock. The shares were acquired at an average price of $83.14 per share, with a total value of $2,110,592.04.

Shares of SXT stock opened at $81.49 on Thursday. The stock’s fifty day simple moving average is $82.18 and its 200 day simple moving average is $89.23. The company has a quick ratio of 1.68, a current ratio of 3.65 and a debt-to-equity ratio of 0.55. Sensient Technologies Co. has a twelve month low of $74.43 and a twelve month high of $106.32. The firm has a market capitalization of $3.43 billion, a P/E ratio of 27.72 and a beta of 0.86.

Sensient Technologies (NYSE:SXTGet Rating) last posted its quarterly earnings data on Friday, April 29th. The specialty chemicals company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $355.50 million during the quarter, compared to the consensus estimate of $355.32 million. Sensient Technologies had a return on equity of 14.45% and a net margin of 9.02%. Sensient Technologies’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 9th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, May 6th. Sensient Technologies’s dividend payout ratio is currently 55.78%.

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Sensient Technologies in the fourth quarter valued at $43,547,000. Morgan Stanley grew its stake in Sensient Technologies by 369.4% during the second quarter. Morgan Stanley now owns 318,902 shares of the specialty chemicals company’s stock worth $27,604,000 after purchasing an additional 250,966 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Sensient Technologies during the fourth quarter worth approximately $22,131,000. FMR LLC grew its stake in Sensient Technologies by 16,513.9% during the first quarter. FMR LLC now owns 172,452 shares of the specialty chemicals company’s stock worth $11,691,000 after purchasing an additional 171,414 shares during the period. Finally, Winder Investment Pte Ltd lifted its position in shares of Sensient Technologies by 3.2% during the 1st quarter. Winder Investment Pte Ltd now owns 5,219,035 shares of the specialty chemicals company’s stock valued at $438,138,000 after acquiring an additional 160,299 shares during the period. 87.16% of the stock is owned by institutional investors and hedge funds.

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

About Sensient Technologies (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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