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

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Nuveen LLC purchased a new position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 328,277 shares of the specialty chemicals company's stock, valued at approximately $24,434,000. Nuveen LLC owned 0.77% of Sensient Technologies at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Aigen Investment Management LP purchased a new position in shares of Sensient Technologies during the 1st quarter worth $285,000. Townsquare Capital LLC purchased a new position in Sensient Technologies during the 1st quarter valued at about $2,793,000. Jefferies Financial Group Inc. boosted its holdings in Sensient Technologies by 77.4% during the 1st quarter. Jefferies Financial Group Inc. now owns 40,983 shares of the specialty chemicals company's stock valued at $3,050,000 after acquiring an additional 17,883 shares during the period. XTX Topco Ltd purchased a new position in Sensient Technologies during the 1st quarter valued at about $1,290,000. Finally, Mackenzie Financial Corp boosted its holdings in Sensient Technologies by 19.5% during the 1st quarter. Mackenzie Financial Corp now owns 6,023 shares of the specialty chemicals company's stock valued at $448,000 after acquiring an additional 981 shares during the period. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Sensient Technologies Stock Up 0.4%

SXT stock traded up $0.4110 during mid-day trading on Friday, reaching $114.7810. The company had a trading volume of 473,081 shares, compared to its average volume of 555,388. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 36.21 and a beta of 0.58. The firm has a fifty day simple moving average of $108.49 and a 200 day simple moving average of $90.65. 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 issued its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $417.60 million. During the same quarter last year, the company earned $0.77 EPS. The business's quarterly revenue was up 2.7% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts forecast that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 4th. Sensient Technologies's dividend payout ratio (DPR) is 51.74%.

Analyst Ratings Changes

A number of brokerages recently commented on SXT. Robert W. Baird raised their target price on Sensient Technologies from $93.00 to $125.00 and gave the company 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 issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $110.00.

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.