Deutsche Bank AG Decreases Position in Sensient Technologies Corporation $SXT

Key Points

• Deutsche Bank AG has reduced its stake in Sensient Technologies Corporation by 11.1%, selling 4,127 shares and now owning 33,100 shares, valued at approximately $2.46 million.
• The company's quarterly earnings report showed an EPS of $0.94, surpassing expectations by $0.06, although revenues were slightly below projections at $414.23 million.
• Sensient Technologies is set to issue a quarterly dividend of $0.41, with an annual yield of 1.4% and a projected dividend payout ratio of 51.74% for 2025.

Deutsche Bank AG decreased its holdings in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 11.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,100 shares of the specialty chemicals company's stock after selling 4,127 shares during the period. Deutsche Bank AG owned 0.08% of Sensient Technologies worth $2,464,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SXT. Raymond James Financial Inc. bought a new position in shares of Sensient Technologies in the fourth quarter worth about $6,483,000. Dimensional Fund Advisors LP boosted its stake in shares of Sensient Technologies by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,223,728 shares of the specialty chemicals company's stock worth $87,203,000 after acquiring an additional 26,119 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Sensient Technologies by 4.4% in the fourth quarter. MetLife Investment Management LLC now owns 25,382 shares of the specialty chemicals company's stock worth $1,809,000 after acquiring an additional 1,072 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Sensient Technologies by 156.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,051 shares of the specialty chemicals company's stock worth $289,000 after acquiring an additional 2,470 shares during the period. Finally, State of Tennessee Department of Treasury boosted its stake in Sensient Technologies by 3.9% during the fourth quarter. State of Tennessee Department of Treasury now owns 19,688 shares of the specialty chemicals company's stock valued at $1,403,000 after buying an additional 743 shares during the last quarter. Institutional investors own 90.86% of the company's stock.

Sensient Technologies Trading Down 0.1%

SXT stock traded down $0.14 during midday trading on Tuesday, reaching $112.99. 375,001 shares of the company traded hands, compared to its average volume of 519,354. Sensient Technologies Corporation has a 52-week low of $66.14 and a 52-week high of $121.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. The business has a 50 day moving average of $109.23 and a 200-day moving average of $91.25. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 35.64 and a beta of 0.58.

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 analysts' consensus estimates of $0.88 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The business had revenue of $414.23 million for the quarter, compared to the consensus estimate of $417.60 million. During the same period in the prior year, the business posted $0.77 earnings per share. The company's quarterly revenue 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, sell-side analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share 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. Shareholders of record on Monday, August 4th will be given 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 yield of 1.5%. Sensient Technologies's dividend payout ratio is 51.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SXT. Robert W. Baird increased their price target on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. CJS Securities began coverage on Sensient Technologies in a research note on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price target for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.