Congress Asset Management Co. Buys 15,181 Shares of Sensient Technologies Corporation $SXT

Key Points

• Congress Asset Management Co. has increased its stake in Sensient Technologies by 2.3%, acquiring an additional 15,181 shares during the second quarter, bringing its total holdings to 686,737 shares valued at approximately $67.7 million.
• In the latest earnings report, Sensient Technologies posted an EPS of $0.94, exceeding analysts' expectations of $0.88, despite reporting slightly lower revenue of $414.23 million compared to the forecast of $417.60 million.
• Sensient Technologies has announced a quarterly dividend of $0.41 per share, equating to an annualized yield of 1.7%, while maintaining a dividend payout ratio of 51.74%.

Congress Asset Management Co. lifted its stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 686,737 shares of the specialty chemicals company's stock after purchasing an additional 15,181 shares during the period. Congress Asset Management Co. owned 1.62% of Sensient Technologies worth $67,657,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in Sensient Technologies by 3,508.8% during the second quarter. Public Employees Retirement System of Ohio now owns 27,066 shares of the specialty chemicals company's stock worth $2,667,000 after buying an additional 26,316 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Sensient Technologies by 69.2% during the 2nd quarter. GAMMA Investing LLC now owns 736 shares of the specialty chemicals company's stock worth $73,000 after purchasing an additional 301 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Sensient Technologies during the 2nd quarter worth about $207,000. Longboard Asset Management LP acquired a new stake in Sensient Technologies in the 2nd quarter valued at about $201,000. Finally, Pacific Capital Partners Ltd acquired a new stake in shares of Sensient Technologies in the second quarter valued at approximately $985,000. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Price Performance

Shares of Sensient Technologies stock opened at $96.82 on Friday. 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 stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 30.54 and a beta of 0.57. Sensient Technologies Corporation has a twelve month low of $66.14 and a twelve month high of $121.54. The company has a 50-day simple moving average of $110.77 and a two-hundred day simple moving average of $96.54.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, topping 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 company had revenue of $414.23 million for the quarter, compared to analysts' expectations of $417.60 million. During the same period last year, the firm earned $0.77 earnings per share. The business's revenue for the quarter 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 forecast 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 was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, August 4th. Sensient Technologies's dividend payout ratio is presently 51.74%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SXT shares. CJS Securities started coverage on shares of 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. Robert W. Baird increased 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 assigned a Hold rating to the stock. According to MarketBeat, Sensient Technologies has a consensus rating of "Moderate Buy" and an average target price of $110.00.

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.

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