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

A number of other institutional investors and hedge funds also recently modified their holdings of SXT. GAMMA Investing LLC increased its stake in shares of Sensient Technologies by 132.6% in the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock valued at $32,000 after acquiring an additional 248 shares during the last quarter. Quarry LP bought a new stake in shares of Sensient Technologies in the 4th quarter valued at about $50,000. Russell Investments Group Ltd. increased its stake in shares of 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 valued at $94,000 after acquiring an additional 433 shares during the last quarter. State of Wyoming increased its stake in shares of Sensient Technologies by 52.9% in the 4th quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company's stock valued at $136,000 after acquiring an additional 662 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Sensient Technologies by 8.6% in the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock valued at $141,000 after acquiring an additional 150 shares during the last quarter. 90.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SXT has been the subject of a number of research reports. Robert W. Baird increased their target price on 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 initiated coverage on Sensient Technologies in a research note on Tuesday, June 10th. They set a "market perform" rating and a $95.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Sensient Technologies has an average rating of "Moderate Buy" and an average target price of $110.00.

Sensient Technologies Stock Performance

NYSE:SXT opened at $112.99 on Wednesday. The stock's 50-day simple moving average is $109.23 and its 200 day simple moving average is $91.25. Sensient Technologies Corporation has a twelve month low of $66.14 and a twelve month high of $121.54. The firm has a market capitalization of $4.80 billion, a PE ratio of 35.64 and a beta of 0.58. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, beating 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 revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 4th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 4th. Sensient Technologies's payout ratio is currently 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.

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