Algert Global LLC reduced its holdings in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,239 shares of the specialty chemicals company's stock after selling 6,898 shares during the period. Algert Global LLC owned about 0.22% of Sensient Technologies worth $6,865,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in SXT. Wells Fargo & Company MN boosted its position in shares of Sensient Technologies by 13.6% during the 4th quarter. Wells Fargo & Company MN now owns 55,482 shares of the specialty chemicals company's stock valued at $3,954,000 after acquiring an additional 6,624 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Sensient Technologies by 5.1% during the 4th quarter. Bank of Montreal Can now owns 6,914 shares of the specialty chemicals company's stock valued at $493,000 after acquiring an additional 338 shares in the last quarter. Invesco Ltd. boosted its position in shares of Sensient Technologies by 4.0% during the 4th quarter. Invesco Ltd. now owns 185,490 shares of the specialty chemicals company's stock valued at $13,218,000 after acquiring an additional 7,148 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Sensient Technologies during the 4th quarter valued at about $6,483,000. Finally, Summit Investment Advisors Inc. boosted its position in shares of Sensient Technologies by 4.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,408 shares of the specialty chemicals company's stock valued at $314,000 after acquiring an additional 203 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.
Sensient Technologies Price Performance
Shares of NYSE SXT traded up $0.4110 during trading on Friday, reaching $114.7810. The company had a trading volume of 473,081 shares, compared to its average volume of 555,388. Sensient Technologies Corporation has a 52 week low of $66.14 and a 52 week high of $121.54. The stock has a market cap 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. The business's 50 day moving average price is $108.49 and its 200-day moving average price is $90.65.
Sensient Technologies (NYSE:SXT - Get Free Report) last announced its earnings results 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. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The company had revenue of $414.23 million during the quarter, compared to the consensus estimate of $417.60 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.
Sensient Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 4th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 4th. Sensient Technologies's payout ratio is 51.74%.
Wall Street Analyst Weigh In
SXT has been the subject of several analyst reports. CJS Securities initiated 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 lifted their price target on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Sensient Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $110.00.
Check Out Our Latest Stock Report on SXT
Sensient Technologies Company Profile
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Free Report)
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.
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