American Century Companies Inc. Acquires 6,008 Shares of Sensient Technologies Corporation $SXT

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. increased its stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 88.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 worth $32,000 after purchasing an additional 248 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Sensient Technologies by 2.3% during the first quarter. Principal Financial Group Inc. now owns 220,906 shares of the specialty chemicals company's stock worth $16,442,000 after buying an additional 5,011 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Sensient Technologies during the first quarter worth $224,000. Teacher Retirement System of Texas raised its stake in Sensient Technologies by 29.1% in the first quarter. Teacher Retirement System of Texas now owns 43,534 shares of the specialty chemicals company's stock valued at $3,240,000 after purchasing an additional 9,817 shares in the last quarter. Finally, Xponance Inc. grew its position in Sensient Technologies by 5.0% in the first quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company's stock valued at $236,000 after acquiring an additional 152 shares during the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SXT. CJS Securities assumed coverage on Sensient Technologies in a report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 target price on the stock. Robert W. Baird upped their target price on Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Sensient Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

Sensient Technologies Trading Down 2.4%

SXT traded down $2.71 on Tuesday, hitting $110.51. 36,727 shares of the company were exchanged, compared to its average volume of 370,597. The firm has a fifty day simple moving average of $112.03 and a two-hundred day simple moving average of $93.92. 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 12 month low of $66.14 and a 12 month high of $121.54. The stock has a market capitalization of $4.69 billion, a PE ratio of 34.93 and a beta of 0.57.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued 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 firm had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Sell-side analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 4th were issued 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 payout ratio is presently 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.