Insider Buying: Sensient Technologies Co. (NYSE:SXT) Major Shareholder Purchases 42,628 Shares of Stock

Sensient Technologies Co. (NYSE:SXTGet Rating) major shareholder Winder Investment Pte Ltd acquired 42,628 shares of the stock in a transaction dated Tuesday, May 17th. The stock was acquired at an average price of $83.87 per share, for a total transaction of $3,575,210.36. Following the purchase, the insider now directly owns 6,141,004 shares in the company, valued at $515,046,005.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, May 11th, Winder Investment Pte Ltd acquired 35,263 shares of Sensient Technologies stock. The shares were bought at an average cost of $82.39 per share, with a total value of $2,905,318.57.
  • On Monday, May 9th, Winder Investment Pte Ltd acquired 33,394 shares of Sensient Technologies stock. The shares were bought at an average cost of $82.07 per share, with a total value of $2,740,645.58.
  • On Friday, May 6th, Winder Investment Pte Ltd acquired 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 acquired 28,454 shares of Sensient Technologies stock. The shares were bought at an average cost of $86.47 per share, with a total value of $2,460,417.38.
  • On Monday, May 2nd, Winder Investment Pte Ltd acquired 40,471 shares of Sensient Technologies stock. The shares were bought 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 acquired 50,000 shares of Sensient Technologies stock. The shares were bought 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 purchased 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 purchased 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 shares were purchased at an average price of $84.21 per share, with a total value of $2,751,140.70.
  • On Tuesday, April 19th, Winder Investment Pte Ltd bought 12,870 shares of Sensient Technologies stock. The shares were purchased at an average price of $84.50 per share, with a total value of $1,087,515.00.

SXT traded up $0.61 during trading on Thursday, reaching $83.27. The company had a trading volume of 173,703 shares, compared to its average volume of 250,206. The stock has a market cap of $3.50 billion, a P/E ratio of 28.12 and a beta of 0.86. The business has a 50 day simple moving average of $82.79 and a 200-day simple moving average of $88.81. Sensient Technologies Co. has a 52 week low of $74.43 and a 52 week high of $106.32. 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 (NYSE:SXTGet Rating) last released its earnings results on Friday, April 29th. The specialty chemicals company reported $0.88 earnings per share for the quarter. Sensient Technologies had a return on equity of 14.45% and a net margin of 9.02%. The business had revenue of $355.50 million during the quarter, compared to the consensus estimate of $355.32 million. During the same period last year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 9th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a $1.64 annualized dividend and a dividend yield of 1.97%. Sensient Technologies’s dividend payout ratio (DPR) is 55.78%.

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd purchased a new position in shares of Sensient Technologies during the fourth quarter valued at $26,000. Van ECK Associates Corp purchased a new position in shares of Sensient Technologies during the first quarter valued at $27,000. Private Capital Group LLC increased its stake in shares of Sensient Technologies by 22,100.0% during the fourth quarter. Private Capital Group LLC now owns 444 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 442 shares during the period. CWM LLC purchased a new position in shares of Sensient Technologies during the fourth quarter valued at $82,000. Finally, Ellevest Inc. increased its stake in shares of Sensient Technologies by 22.6% during the first quarter. Ellevest Inc. now owns 1,027 shares of the specialty chemicals company’s stock valued at $86,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 87.16% of the company’s stock.

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

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.

See Also

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

Receive News & Ratings for Sensient Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sensient Technologies and related companies with MarketBeat.com's FREE daily email newsletter.