Vestmark Advisory Solutions Inc. Invests $269,000 in Sensient Technologies Corporation $SXT

Key Points

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Vestmark Advisory Solutions Inc. acquired a new stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,611 shares of the specialty chemicals company's stock, valued at approximately $269,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Freemont Capital Pte Ltd purchased a new position in shares of Sensient Technologies during the fourth quarter valued at about $449,288,000. Congress Asset Management Co. purchased a new position in shares of Sensient Technologies during the first quarter valued at about $49,984,000. Nuveen LLC purchased a new position in shares of Sensient Technologies during the first quarter valued at about $24,434,000. Raymond James Financial Inc. purchased a new position in shares of Sensient Technologies during the fourth quarter valued at about $6,483,000. Finally, Barclays PLC increased its position in shares of Sensient Technologies by 107.4% during the fourth quarter. Barclays PLC now owns 160,228 shares of the specialty chemicals company's stock valued at $11,417,000 after buying an additional 82,968 shares during the period. Hedge funds and other institutional investors own 90.86% of the company's stock.

Wall Street Analysts Forecast Growth

SXT has been the topic of several research analyst reports. Robert W. Baird boosted their price target on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. CJS Securities assumed coverage on shares of Sensient Technologies in a research report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

Sensient Technologies Stock Up 0.4%

SXT traded up $0.4110 during midday trading on Friday, reaching $114.7810. The company's stock had a trading volume of 473,081 shares, compared to its average volume of 555,388. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 36.21 and a beta of 0.58. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The stock's 50-day moving average is $108.49 and its 200-day moving average is $90.65.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. The business had revenue of $414.23 million for the quarter, compared to analysts' expectations of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The business's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 year.

Sensient Technologies Announces Dividend

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

Sensient Technologies 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.