Sensient Technologies Corporation $SXT Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. significantly increased its stake in Sensient Technologies by 88.7%, acquiring a total of 12,779 shares valued at approximately $951,000.
• Sensient Technologies reported earnings of $0.94 EPS for the last quarter, exceeding expectations, while projecting a FY 2025 earnings guidance of 3.130-3.230 EPS.
• The firm's quarterly dividend was announced at $0.41 per share, yielding 1.4%, and paid to stockholders on September 2nd, reflecting a dividend payout ratio of 51.74%.

American Century Companies Inc. grew its position in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 88.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,779 shares of the specialty chemicals company's stock after buying an additional 6,008 shares during the period. American Century Companies Inc.'s holdings in Sensient Technologies were worth $951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tejara Capital Ltd bought a new position in shares of Sensient Technologies during the first quarter worth approximately $1,005,000. Oak Ridge Investments LLC bought a new position in Sensient Technologies during the 1st quarter worth $2,206,000. Vestmark Advisory Solutions Inc. bought a new position in Sensient Technologies during the 1st quarter worth $269,000. Sit Investment Associates Inc. increased its stake in Sensient Technologies by 20.7% during the 1st quarter. Sit Investment Associates Inc. now owns 7,000 shares of the specialty chemicals company's stock worth $521,000 after acquiring an additional 1,200 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Sensient Technologies by 52.5% during the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company's stock worth $94,000 after acquiring an additional 433 shares during the period. Institutional investors own 90.86% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SXT. Robert W. Baird increased their price target on Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. CJS Securities initiated 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 issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $110.00.

Sensient Technologies Stock Performance

SXT traded up $0.06 during trading on Monday, reaching $112.90. 95,106 shares of the company's stock were exchanged, compared to its average volume of 371,317. The stock has a market capitalization of $4.80 billion, a P/E ratio of 35.59 and a beta of 0.57. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The company's fifty day simple moving average is $111.74 and its 200-day simple moving average is $93.62.

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

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.64 annualized dividend and a dividend yield of 1.5%. Sensient Technologies's dividend payout ratio is presently 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.