Gamco Investors INC. ET AL Grows Position in Sensient Technologies Corporation $SXT

Key Points

• Gamco Investors INC. ET AL increased its stake in Sensient Technologies Corporation by 0.7%, owning 315,561 shares valued at approximately $23.49 million by the end of the last quarter.
• In earnings results, Sensient reported $0.94 EPS, exceeding analysts' expectations of $0.88, while quarterly revenue reached $414.23 million despite being slightly below predictions.
• The company announced a quarterly dividend of $0.41 per share with a 1.4% yield, set to be paid on September 2nd to investors recorded by August 4th.

Gamco Investors INC. ET AL grew its position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 315,561 shares of the specialty chemicals company's stock after purchasing an additional 2,299 shares during the quarter. Gamco Investors INC. ET AL owned about 0.74% of Sensient Technologies worth $23,487,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SXT. Dimensional Fund Advisors LP increased its stake in shares of Sensient Technologies by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,223,728 shares of the specialty chemicals company's stock valued at $87,203,000 after acquiring an additional 26,119 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Sensient Technologies by 4.4% in the 4th quarter. MetLife Investment Management LLC now owns 25,382 shares of the specialty chemicals company's stock valued at $1,809,000 after acquiring an additional 1,072 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Sensient Technologies by 156.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,051 shares of the specialty chemicals company's stock valued at $289,000 after acquiring an additional 2,470 shares in the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Sensient Technologies by 3.9% in the 4th 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 acquiring an additional 743 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Sensient Technologies by 14.7% during the 4th quarter. Hsbc Holdings PLC now owns 7,178 shares of the specialty chemicals company's stock valued at $513,000 after purchasing an additional 919 shares in the last quarter. Institutional investors own 90.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Robert W. Baird boosted their price target on shares of 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 assumed coverage on shares of 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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $110.00.

Sensient Technologies Stock Performance

Shares of NYSE:SXT traded down $1.50 during midday trading on Friday, reaching $113.30. The company had a trading volume of 271,557 shares, compared to its average volume of 531,770. The company's 50 day moving average price is $109.94 and its 200 day moving average price is $91.67. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61. The stock has a market cap of $4.81 billion, a P/E ratio of 35.74 and a beta of 0.58. Sensient Technologies Corporation has a 52-week low of $66.14 and a 52-week high of $121.54.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. The company had revenue of $414.23 million for the quarter, compared to the consensus estimate of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, sell-side analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 4th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $1.64 annualized dividend and a yield of 1.4%. Sensient Technologies's dividend payout ratio is 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.