29,640 Shares in Sensient Technologies Corporation $SXT Acquired by Oak Ridge Investments LLC

Key Points

• Oak Ridge Investments LLC acquired 29,640 shares of Sensient Technologies, valued at approximately $2.2 million, representing 0.07% ownership of the company.
• Several institutional investors have increased their positions, with Freemont Capital Pte Ltd purchasing a new stake worth about $449 million.
• Sensient Technologies reported an earnings per share (EPS) of $0.94 for the last quarter, exceeding expectations, while also declaring a quarterly dividend of $0.41 per share.

Oak Ridge Investments LLC acquired a new position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 29,640 shares of the specialty chemicals company's stock, valued at approximately $2,206,000. Oak Ridge Investments LLC owned 0.07% of Sensient Technologies as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in SXT. Franklin Resources Inc. boosted its position in Sensient Technologies by 116.0% in the 4th quarter. Franklin Resources Inc. now owns 7,477 shares of the specialty chemicals company's stock valued at $533,000 after buying an additional 4,015 shares during the period. Wells Fargo & Company MN boosted its position in Sensient Technologies by 13.6% in the 4th quarter. Wells Fargo & Company MN now owns 55,482 shares of the specialty chemicals company's stock valued at $3,954,000 after buying an additional 6,624 shares during the period. Bank of Montreal Can boosted its position in Sensient Technologies by 5.1% in the 4th quarter. Bank of Montreal Can now owns 6,914 shares of the specialty chemicals company's stock valued at $493,000 after buying an additional 338 shares during the period. Invesco Ltd. boosted its position in Sensient Technologies by 4.0% in the 4th quarter. Invesco Ltd. now owns 185,490 shares of the specialty chemicals company's stock valued at $13,218,000 after buying an additional 7,148 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Sensient Technologies in the 4th quarter valued at approximately $6,483,000. Hedge funds and other institutional investors own 90.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of 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 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 equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Sensient Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $110.00.

Sensient Technologies Stock Performance

NYSE SXT traded down $0.89 during trading on Tuesday, reaching $115.30. The company's stock had a trading volume of 80,680 shares, compared to its average volume of 360,104. 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 firm has a market cap of $4.90 billion, a price-to-earnings ratio of 36.38 and a beta of 0.58. Sensient Technologies Corporation has a twelve month low of $66.14 and a twelve month high of $121.54. The business's fifty day moving average price is $106.97 and its 200-day moving average price is $89.78.

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

Sensient Technologies Dividend Announcement

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 issued a $0.41 dividend. 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 is 51.74%.

About Sensient Technologies

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.