Cramer Rosenthal Mcglynn LLC Takes $11.25 Million Position in Sensient Technologies Corporation $SXT

Key Points

• Cramer Rosenthal Mcglynn LLC invested approximately $11.25 million in Sensient Technologies by acquiring 151,167 shares, representing about 0.36% of the company.
• For the most recent quarter, Sensient reported $0.94 earnings per share (EPS), surpassing analyst expectations of $0.88, along with a revenue increase of 2.7% year-over-year.
• Sensient Technologies announced a quarterly dividend of $0.41 per share, equating to an annualized dividend of $1.64 and a dividend yield of 1.4%.

Cramer Rosenthal Mcglynn LLC purchased a new stake in Sensient Technologies Corporation (NYSE:SXT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 151,167 shares of the specialty chemicals company's stock, valued at approximately $11,251,000. Cramer Rosenthal Mcglynn LLC owned about 0.36% of Sensient Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock worth $32,000 after buying an additional 248 shares in the last quarter. Principal Financial Group Inc. grew its position in 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 Sensient Technologies during the first quarter worth about $224,000. Teacher Retirement System of Texas grew its position in Sensient Technologies by 29.1% during the first quarter. Teacher Retirement System of Texas now owns 43,534 shares of the specialty chemicals company's stock worth $3,240,000 after buying an additional 9,817 shares in the last quarter. Finally, Xponance Inc. grew its position in Sensient Technologies by 5.0% during the first quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company's stock worth $236,000 after buying an additional 152 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Price Performance

SXT traded down $1.50 during midday trading on Friday, reaching $113.30. 271,557 shares of the company's stock were exchanged, compared to its average volume of 531,770. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 35.74 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 Corporation has a one year low of $66.14 and a one year high of $121.54. The business has a 50-day simple moving average of $110.29 and a two-hundred day simple moving average of $91.92.

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, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $417.60 million. During the same quarter last year, the company earned $0.77 earnings per share. The company's revenue for the quarter 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 EPS for the current year.

Sensient Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird lifted 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. CJS Securities assumed coverage on Sensient Technologies in a research report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Sensient Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

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.