Pacific Capital Partners Ltd Buys New Holdings in Sensient Technologies Corporation $SXT

Key Points

• Pacific Capital Partners Ltd has acquired a new stake in Sensient Technologies Corporation, purchasing 10,000 shares valued at approximately $985,000 during the second quarter.
• Several institutional investors have significantly increased their holdings in Sensient Technologies, with Deutsche Bank AG and D. E. Shaw & Co. Inc. augmenting their shares by 47.8% and 102.8% respectively in the last quarter.
• Sensient Technologies reported $0.94 EPS for the quarter ending July 25, exceeding analysts' expectations of $0.88, and has set its FY 2025 guidance between 3.130-3.230 EPS.

Pacific Capital Partners Ltd purchased a new stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the specialty chemicals company's stock, valued at approximately $985,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position 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 buying an additional 248 shares during the period. Russell Investments Group Ltd. grew 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 in the last quarter. Strs Ohio bought a new position in shares of Sensient Technologies in the first quarter worth approximately $119,000. State of Wyoming raised its stake in Sensient Technologies by 52.9% in the fourth quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company's stock valued at $136,000 after purchasing an additional 662 shares in the last quarter. Finally, CWM LLC raised its stake in Sensient Technologies by 8.6% in 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 in the last quarter. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Stock Performance

NYSE:SXT traded up $0.72 on Friday, hitting $103.86. The stock had a trading volume of 155,721 shares, compared to its average volume of 381,469. Sensient Technologies Corporation has a 52-week low of $66.14 and a 52-week high of $121.54. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 32.73 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. The business's 50-day simple moving average is $111.66 and its two-hundred day simple moving average is $95.55.

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 for the quarter, topping the consensus estimate of $0.88 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The firm had revenue of $414.23 million for the quarter, compared to analysts' expectations of $417.60 million. During the same quarter in the prior year, the business 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. As a group, 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.64 annualized dividend and a dividend yield of 1.6%. Sensient Technologies's dividend payout ratio (DPR) is 51.74%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SXT. Robert W. Baird raised their target price on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. CJS Securities started coverage on Sensient Technologies in a research report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 price objective for the company. One equities 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, Sensient Technologies currently has a consensus rating of "Moderate Buy" and a consensus 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.