Gamco Investors INC. ET AL Acquires 2,299 Shares of 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 raised its holdings 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 disclosure with the Securities & Exchange Commission. The institutional investor owned 315,561 shares of the specialty chemicals company's stock after buying 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SXT. GAMMA Investing LLC boosted its holdings in shares of Sensient Technologies by 132.6% in the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 248 shares in the last quarter. Quarry LP purchased a new position in shares of Sensient Technologies in the 4th quarter worth about $50,000. Russell Investments Group Ltd. boosted its holdings in shares of Sensient Technologies by 52.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company's stock worth $94,000 after purchasing an additional 433 shares in the last quarter. CWM LLC raised its stake in shares of Sensient Technologies by 8.6% during the first quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock worth $141,000 after acquiring an additional 150 shares in the last quarter. Finally, State of Wyoming lifted its holdings in shares of Sensient Technologies by 52.9% in the 4th quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company's stock worth $136,000 after acquiring an additional 662 shares during the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SXT shares. Robert W. Baird boosted their price objective on shares of Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. CJS Securities assumed coverage on Sensient Technologies in a report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $110.00.

Sensient Technologies Trading Down 1.3%

SXT stock traded down $1.50 during trading on Friday, hitting $113.30. 271,557 shares of the company traded hands, compared to its average volume of 531,770. The firm has a market capitalization of $4.81 billion, a PE ratio of 35.74 and a beta of 0.58. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The company has a 50-day moving average of $110.29 and a 200-day moving average of $92.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25.

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

Sensient Technologies Announces Dividend

The firm also recently declared 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 of this dividend is Monday, August 4th. This represents a $1.64 dividend on an annualized basis and a yield of 1.4%. Sensient Technologies's dividend payout ratio is presently 51.74%.

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.