Sensient Technologies Corporation $SXT Position Trimmed by Blue Trust Inc.

Blue Trust Inc. lessened its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 33.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572 shares of the specialty chemicals company’s stock after selling 286 shares during the quarter. Blue Trust Inc.’s holdings in Sensient Technologies were worth $56,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SXT. GAMMA Investing LLC grew its stake in Sensient Technologies by 132.6% during the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 248 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Sensient Technologies during the 1st quarter valued at about $224,000. Robeco Institutional Asset Management B.V. grew its stake in Sensient Technologies by 29.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 31,759 shares of the specialty chemicals company’s stock valued at $2,364,000 after acquiring an additional 7,310 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Sensient Technologies by 29.1% during the 1st quarter. Teacher Retirement System of Texas now owns 43,534 shares of the specialty chemicals company’s stock valued at $3,240,000 after acquiring an additional 9,817 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Sensient Technologies by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 220,906 shares of the specialty chemicals company’s stock valued at $16,442,000 after acquiring an additional 5,011 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Up 2.1%

SXT opened at $95.52 on Friday. The business has a 50 day moving average price of $104.91 and a 200 day moving average price of $98.91. 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. The firm has a market cap of $4.06 billion, a P/E ratio of 30.13 and a beta of 0.56.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The firm had revenue of $414.23 million during the quarter, compared to analyst estimates of $417.60 million. During the same period in the previous year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Research analysts forecast that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 4th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 4th. Sensient Technologies’s payout ratio is 51.74%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Sensient Technologies from $93.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, July 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sensient Technologies in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $110.00.

About Sensient Technologies

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.