Northern Trust Corp Has $41.59 Million Stock Position in Sensient Technologies Corporation $SXT

Key Points

• Northern Trust Corp reduced its stake in Sensient Technologies by 1.9%, selling 10,930 shares and owning 558,722 shares valued at approximately $41.6 million.
• Sensient Technologies reported earnings of $0.94 per share for the last quarter, surpassing estimates, with a revenue of $414.23 million, slightly below analyst expectations.
• The company announced a quarterly dividend of $0.41 per share, representing an annualized yield of 1.4%, with the dividend payout ratio at 51.74%.

Northern Trust Corp cut its stake in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 558,722 shares of the specialty chemicals company's stock after selling 10,930 shares during the period. Northern Trust Corp owned 1.32% of Sensient Technologies worth $41,586,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. CWM LLC increased 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 valued at $141,000 after purchasing an additional 150 shares during the period. Xponance Inc. increased its holdings in shares of Sensient Technologies by 5.0% during the first quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company's stock valued at $236,000 after purchasing an additional 152 shares during the period. GAMMA Investing LLC increased 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 valued at $32,000 after purchasing an additional 248 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Sensient Technologies by 0.3% during the first quarter. Raymond James Financial Inc. now owns 91,255 shares of the specialty chemicals company's stock valued at $6,792,000 after purchasing an additional 282 shares during the period. Finally, Russell Investments Group Ltd. increased 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 valued at $94,000 after purchasing an additional 433 shares during the period. 90.86% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Trading Up 1.1%

Shares of NYSE:SXT traded up $1.18 during midday trading on Wednesday, reaching $113.14. The company had a trading volume of 332,059 shares, compared to its average volume of 507,023. 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 Corporation has a 1-year low of $66.14 and a 1-year high of $121.54. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 35.69 and a beta of 0.57. The company has a fifty day simple moving average of $111.16 and a two-hundred day simple moving average of $92.72.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share 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 during the quarter, compared to analyst estimates of $417.60 million. During the same quarter last year, the company posted $0.77 EPS. Sensient Technologies's revenue for the quarter was up 2.7% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Research analysts predict that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 4th were given a $0.41 dividend. The ex-dividend date was Monday, August 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.4%. Sensient Technologies's dividend payout ratio (DPR) is 51.74%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. CJS Securities assumed coverage on Sensient Technologies in a report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price target on the stock. Robert W. Baird raised their price target on 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 given a Hold rating to the company. According to MarketBeat, Sensient Technologies presently has an average rating of "Moderate Buy" and an average target price 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.