Graham Capital Management L.P. Increases Stock Position in Sensient Technologies Corporation $SXT

Key Points

• Graham Capital Management L.P. increased its stake in Sensient Technologies by 52.6%, acquiring a total of 17,798 shares valued at approximately $1.325 million.
• Multiple institutional investors, including GAMMA Investing LLC and Russell Investments Group Ltd., have also significantly boosted their holdings in Sensient, indicating strong institutional interest with 90.86% of the stock owned by institutional investors.
• Sensient Technologies recently reported an EPS of $0.94, surpassing analyst expectations, while announcing a quarterly dividend of $0.41, resulting in an annual yield of 1.5%.

Graham Capital Management L.P. grew its holdings in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 52.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,798 shares of the specialty chemicals company's stock after purchasing an additional 6,135 shares during the period. Graham Capital Management L.P.'s holdings in Sensient Technologies were worth $1,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 248 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Sensient Technologies by 52.5% during the first 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 during the period. State of Wyoming raised its holdings in shares of Sensient Technologies by 52.9% during the fourth quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company's stock worth $136,000 after purchasing an additional 662 shares during the period. CWM LLC raised its holdings 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 purchasing an additional 150 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Sensient Technologies during the fourth quarter worth $155,000. 90.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SXT. Robert W. Baird increased their target price 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 began coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $110.00.

Sensient Technologies Stock Down 1.1%

SXT stock opened at $112.19 on Wednesday. The firm's 50-day simple moving average is $110.87 and its 200 day simple moving average is $92.57. The stock has a market cap of $4.76 billion, a PE ratio of 35.39 and a beta of 0.57. 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 fifty-two week low of $66.14 and a fifty-two week high of $121.54.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its earnings results 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. The firm had revenue of $414.23 million during the quarter, compared to analyst estimates of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. Sensient Technologies's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, sell-side analysts predict that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 4th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, August 4th. Sensient Technologies's dividend payout ratio is currently 51.74%.

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.

Want to see what other hedge funds are holding SXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sensient Technologies Corporation (NYSE:SXT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.