Nuveen LLC Makes New $24.43 Million Investment in Sensient Technologies Corporation $SXT

Key Points

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Nuveen LLC acquired a new position in Sensient Technologies Corporation (NYSE:SXT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 328,277 shares of the specialty chemicals company's stock, valued at approximately $24,434,000. Nuveen LLC owned about 0.77% of Sensient Technologies at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Sensient Technologies by 132.6% during the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 248 shares during the last quarter. Quarry LP purchased a new position in shares of Sensient Technologies during the 4th quarter valued at $50,000. CWM LLC lifted its position in shares of Sensient Technologies by 8.6% during the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock valued at $141,000 after buying an additional 150 shares during the last quarter. State of Wyoming lifted its position in shares of Sensient Technologies by 52.9% during the 4th quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company's stock valued at $136,000 after buying an additional 662 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Sensient Technologies during the 4th quarter valued at $155,000. Hedge funds and other institutional investors own 90.86% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SXT. CJS Securities began coverage on Sensient Technologies in a research report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price target on the stock. Robert W. Baird upped their price target on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $110.00.

Sensient Technologies Price Performance

SXT traded up $0.4110 during trading on Friday, reaching $114.7810. 473,081 shares of the company were exchanged, compared to its average volume of 555,388. The company's 50-day moving average is $108.49 and its two-hundred day moving average is $90.74. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 36.21 and a beta of 0.58. 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 12-month low of $66.14 and a 12-month high of $121.54.

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, topping analysts' consensus estimates of $0.88 by $0.06. The business had revenue of $414.23 million for 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%.The firm's quarterly revenue was up 2.7% on a year-over-year basis. 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. Research analysts forecast that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

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