Vestmark Advisory Solutions Inc. Acquires New Position in Sensient Technologies Corporation $SXT

Key Points

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Vestmark Advisory Solutions Inc. purchased a new position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,611 shares of the specialty chemicals company's stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Freemont Capital Pte Ltd acquired a new stake in shares of Sensient Technologies during the 4th quarter worth approximately $449,288,000. Janus Henderson Group PLC increased its holdings in shares of Sensient Technologies by 1.1% during the 4th quarter. Janus Henderson Group PLC now owns 2,257,033 shares of the specialty chemicals company's stock worth $160,836,000 after buying an additional 25,230 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sensient Technologies by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,223,728 shares of the specialty chemicals company's stock worth $87,203,000 after buying an additional 26,119 shares during the last quarter. Congress Asset Management Co. acquired a new stake in shares of Sensient Technologies during the 1st quarter worth approximately $49,984,000. Finally, Snyder Capital Management L P increased its holdings in shares of Sensient Technologies by 7.8% during the 4th quarter. Snyder Capital Management L P now owns 667,175 shares of the specialty chemicals company's stock worth $47,543,000 after buying an additional 48,146 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SXT. CJS Securities began coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price target for the company. Robert W. Baird boosted their target price on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $110.00.

Sensient Technologies Stock Up 0.4%

Shares of NYSE:SXT traded up $0.4110 during trading on Friday, hitting $114.7810. The company's stock had a trading volume of 473,081 shares, compared to its average volume of 529,467. The business has a 50 day moving average price of $108.49 and a two-hundred day moving average price of $90.84. The company has a market capitalization of $4.87 billion, a PE ratio of 36.21 and a beta of 0.58. 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 Corporation has a fifty-two week low of $66.14 and a fifty-two week high of $121.54.

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

Sensient Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 4th will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a $1.64 dividend on an annualized basis and a yield of 1.4%. Sensient Technologies's payout ratio is 51.74%.

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.