Champlain Investment Partners LLC Sells 23,644 Shares of Sensient Technologies Corporation $SXT

Key Points

• Champlain Investment Partners LLC reduced its stake in Sensient Technologies by 2.4%, selling 23,644 shares, and now holds 952,132 shares valued at approximately $70.87 million.
• Several institutional investors increased their holdings in Sensient Technologies, with GAMMA Investing LLC increasing its stake by 132.6% during the same quarter.
• Sensient Technologies recently beat EPS estimates, reporting $0.94 for the quarter, while also announcing a quarterly dividend of $0.41, yielding an annualized dividend of 1.5%.

Champlain Investment Partners LLC lessened its holdings in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 952,132 shares of the specialty chemicals company's stock after selling 23,644 shares during the period. Champlain Investment Partners LLC owned 2.24% of Sensient Technologies worth $70,867,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. CWM LLC boosted its holdings in shares of Sensient Technologies by 8.6% during the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock valued at $141,000 after buying an additional 150 shares in the last quarter. Xponance Inc. boosted its stake in Sensient Technologies by 5.0% in the 1st quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company's stock worth $236,000 after purchasing an additional 152 shares in the last quarter. GAMMA Investing LLC boosted its stake in Sensient Technologies by 132.6% in 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. Raymond James Financial Inc. boosted its stake in Sensient Technologies by 0.3% in the 1st quarter. Raymond James Financial Inc. now owns 91,255 shares of the specialty chemicals company's stock worth $6,792,000 after purchasing an additional 282 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Sensient Technologies by 52.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company's stock worth $94,000 after purchasing an additional 433 shares in the last quarter. Institutional investors own 90.86% of the company's stock.

Sensient Technologies Stock Performance

SXT traded down $1.50 during midday trading on Monday, hitting $113.30. 271,557 shares of the company traded hands, compared to its average volume of 520,919. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $4.81 billion, a PE ratio of 35.74 and a beta of 0.57. The company's 50-day moving average is $110.29 and its 200 day moving average is $92.14. Sensient Technologies Corporation has a 52 week low of $66.14 and a 52 week high of $121.54.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, research analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on SXT. Robert W. Baird upped their price target on shares of Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. CJS Securities began coverage on shares of Sensient Technologies in a research note on Tuesday, June 10th. They issued 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $110.00.

Sensient Technologies Company 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.