Cramer Rosenthal Mcglynn LLC Invests $11.25 Million 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) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 151,167 shares of the specialty chemicals company's stock, valued at approximately $11,251,000. Cramer Rosenthal Mcglynn LLC owned 0.36% of Sensient Technologies at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SXT. GAMMA Investing LLC raised its position in Sensient Technologies by 132.6% in the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock worth $32,000 after acquiring an additional 248 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Sensient Technologies by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 220,906 shares of the specialty chemicals company's stock valued at $16,442,000 after purchasing an additional 5,011 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Sensient Technologies in the 1st quarter valued at about $224,000. Teacher Retirement System of Texas lifted its stake in shares of 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 during the period. Finally, Xponance Inc. boosted its holdings 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 currently owned by hedge funds and other institutional investors.

Sensient Technologies Price Performance

Sensient Technologies stock traded up $1.20 during mid-day trading on Thursday, hitting $114.74. 271,993 shares of the company were exchanged, compared to its average volume of 537,569. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The business's 50 day simple moving average is $109.94 and its two-hundred day simple moving average is $91.67. The company has a market capitalization of $4.87 billion, a P/E ratio of 36.19 and a beta of 0.58. Sensient Technologies Corporation has a 12-month low of $66.14 and a 12-month high of $121.54.

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 (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 the consensus estimate 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 was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts forecast that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th will be issued a dividend of $0.41 per share. 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%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SXT. CJS Securities began coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 target price for the company. Robert W. Baird increased their target price 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 equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Sensient Technologies has a consensus 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.