Fox Run Management L.L.C. Makes New $309,000 Investment in Sensient Technologies Corporation $SXT

Fox Run Management L.L.C. bought a new stake in shares of Sensient Technologies Corporation (NYSE:SXT) during the second quarter, HoldingsChannel reports. The institutional investor bought 3,138 shares of the specialty chemicals company’s stock, valued at approximately $309,000.

Several other hedge funds also recently modified their holdings of SXT. Private Trust Co. NA bought a new stake in shares of Sensient Technologies during the second quarter worth approximately $29,000. Gables Capital Management Inc. bought a new position in Sensient Technologies in the second quarter valued at approximately $59,000. GAMMA Investing LLC grew its holdings in Sensient Technologies by 69.2% during the 2nd quarter. GAMMA Investing LLC now owns 736 shares of the specialty chemicals company’s stock worth $73,000 after acquiring an additional 301 shares during the period. ST Germain D J Co. Inc. bought a new stake in shares of Sensient Technologies during the 2nd quarter valued at $89,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Sensient Technologies by 20.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 899 shares of the specialty chemicals company’s stock valued at $89,000 after purchasing an additional 155 shares during the period. Institutional investors own 90.86% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Sensient Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $110.00.

Insider Activity at Sensient Technologies

In other Sensient Technologies news, Director Joseph Carleone bought 1,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of $91.26 per share, with a total value of $91,260.00. Following the purchase, the director owned 22,414 shares in the company, valued at $2,045,501.64. This trade represents a 4.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David J. Plautz acquired 2,150 shares of the stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of $92.98 per share, with a total value of $199,907.00. Following the transaction, the vice president directly owned 2,999 shares of the company’s stock, valued at $278,847.02. This represents a 253.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.20% of the stock is currently owned by insiders.

Sensient Technologies Trading Up 0.4%

SXT opened at $95.23 on Friday. The firm’s fifty day moving average is $97.03 and its two-hundred day moving average is $101.39. The firm has a market cap of $4.05 billion, a PE ratio of 30.04 and a beta of 0.61. Sensient Technologies Corporation has a twelve month low of $66.14 and a twelve month high of $121.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $412.11 million during the quarter, compared to analysts’ expectations of $407.45 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Equities research analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, November 10th. Sensient Technologies’s payout ratio is 50.15%.

Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.