Sensient Technologies Co. (NYSE:SXT) Major Shareholder Buys $1429182.48 in Stock - Defense World - Financial Daily News Site

Sensient Technologies Co. (NYSE:SXT) Major Shareholder Buys $1429182.48 in Stock – Defense World


Sensient Technologies Co. (NYSE:SXT – Get Rating) major shareholder Winder Investment Pte Ltd purchased 16,743 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were purchased at an average cost of $85.36 per share, for a total transaction of $1,429,182.48. Following the completion of the acquisition, the insider now directly owns 6,286,118 shares of the company’s stock, valued at approximately $536,583,032.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% 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 Monday, May 23rd, Winder Investment Pte Ltd acquired 26,723 shares of Sensient Technologies stock. The shares were bought at an average cost of $83.82 per share, for a total transaction of $2,239,921.86.
  • On Thursday, May 19th, Winder Investment Pte Ltd acquired 22,680 shares of Sensient Technologies stock. The shares were bought at an average cost of $83.40 per share, for a total transaction of $1,891,512.00.
  • On Tuesday, May 17th, Winder Investment Pte Ltd acquired 42,628 shares of Sensient Technologies stock. The shares were bought at an average cost of $83.87 per share, for a total transaction of $3,575,210.36.
  • 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, for a total transaction 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, for a total transaction 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, for a total transaction of $3,431,816.35.
  • On Wednesday, May 4th, Winder Investment Pte Ltd bought 28,454 shares of Sensient Technologies stock. The stock was acquired at an average price of $86.47 per share, with a total value 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 price 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 price 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 stock was acquired at an average price of $83.27 per share, with a total value of $2,347,714.38.

Sensient Technologies stock traded up $0.62 during midday trading on Friday, hitting $87.62. 184,080 shares of the stock were exchanged, compared to its average volume of 246,604. Sensient Technologies Co. has a fifty-two week low of $74.43 and a fifty-two week high of $106.32. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 29.59 and a beta of 0.86. The stock’s 50-day simple moving average is $83.53 and its 200 day simple moving average is $88.28. The company has a current ratio of 3.65, a quick ratio of 1.68 and a debt-to-equity ratio of 0.55.

Sensient Technologies (NYSE:SXT – Get Rating) last released its quarterly earnings data on Friday, April 29th. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter. Sensient Technologies had a net margin of 9.02% and a return on equity of 14.45%. The firm had revenue of $355.50 million during the quarter, compared to analysts’ expectations of $355.32 million. During the same period last year, the business earned $0.77 earnings per share. Sensient Technologies’s revenue was down 1.2% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 9th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, May 6th. Sensient Technologies’s payout ratio is currently 55.78%.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Paradigm Capital Management Inc. NY increased its position in Sensient Technologies by 4.8% during the first quarter. Paradigm Capital Management Inc. NY now owns 82,675 shares of the specialty chemicals company’s stock worth $6,940,000 after purchasing an additional 3,800 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Sensient Technologies by 209.2% in the 1st quarter. Jane Street Group LLC now owns 7,523 shares of the specialty chemicals company’s stock valued at $632,000 after acquiring an additional 5,090 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Sensient Technologies in the 1st quarter valued at approximately $414,000. First Republic Investment Management Inc. lifted its holdings in shares of Sensient Technologies by 2.4% in the 1st quarter. First Republic Investment Management Inc. now owns 6,678 shares of the specialty chemicals company’s stock worth $561,000 after acquiring an additional 156 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Sensient Technologies by 22.9% during the 1st quarter. Guggenheim Capital LLC now owns 24,389 shares of the specialty chemicals company’s stock worth $2,048,000 after purchasing an additional 4,547 shares during the period. Hedge funds and other institutional investors own 87.16% of the company’s 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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