Sensient Technologies Corporation (NYSE:SXT) Announces $0.41 Quarterly Dividend

Sensient Technologies Corporation (NYSE:SXT) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Monday, May 11th will be given a dividend of 0.41 per share by the specialty chemicals company on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, May 11th.

Sensient Technologies has increased its dividend payment by an average of 0.0%per year over the last three years. Sensient Technologies has a payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sensient Technologies to earn $4.50 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 36.4%.

Sensient Technologies Price Performance

Shares of NYSE:SXT opened at $99.09 on Friday. Sensient Technologies has a one year low of $78.27 and a one year high of $121.54. The stock has a fifty day moving average of $92.26 and a 200-day moving average of $94.12. The company has a market capitalization of $4.22 billion, a PE ratio of 31.36 and a beta of 0.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 4.10.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, April 24th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. The business had revenue of $435.83 million for the quarter, compared to analysts’ expectations of $411.39 million. Sensient Technologies had a return on equity of 12.82% and a net margin of 8.34%.Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. As a group, equities analysts anticipate that Sensient Technologies will post 3.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Sensient Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Sensient Technologies during the 1st quarter valued at $77,955,000. Norges Bank purchased a new stake in shares of Sensient Technologies during the fourth quarter worth $49,867,000. Parsifal Capital Management LP acquired a new stake in Sensient Technologies during the third quarter valued at $46,784,000. J. Goldman & Co LP acquired a new stake in Sensient Technologies during the fourth quarter valued at $35,336,000. Finally, Pictet Asset Management Holding SA grew its stake in Sensient Technologies by 5,807.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 327,654 shares of the specialty chemicals company’s stock valued at $30,783,000 after purchasing an additional 322,108 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.

About Sensient Technologies

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.