Pacific Capital Partners Ltd Takes Position 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 Sensient Technologies Corporation (NYSE:SXT - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 10,000 shares of the specialty chemicals company's stock, valued at approximately $985,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SXT. Deutsche Bank AG increased its holdings in shares of Sensient Technologies by 47.8% in the 4th quarter. Deutsche Bank AG now owns 37,227 shares of the specialty chemicals company's stock valued at $2,653,000 after acquiring an additional 12,039 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of Sensient Technologies by 102.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 31,866 shares of the specialty chemicals company's stock valued at $2,271,000 after acquiring an additional 16,151 shares during the period. Gotham Asset Management LLC increased its holdings in shares of Sensient Technologies by 84.6% in the 4th quarter. Gotham Asset Management LLC now owns 14,077 shares of the specialty chemicals company's stock valued at $1,003,000 after acquiring an additional 6,450 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Sensient Technologies by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,984 shares of the specialty chemicals company's stock valued at $1,709,000 after acquiring an additional 932 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Sensient Technologies by 59.8% in the 4th quarter. Millennium Management LLC now owns 54,235 shares of the specialty chemicals company's stock valued at $3,865,000 after acquiring an additional 20,290 shares during the period. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Sensient Technologies Stock Performance

Shares of SXT opened at $106.49 on Friday. The stock has a 50-day moving average of $112.17 and a two-hundred day moving average of $94.81. Sensient Technologies Corporation has a one year low of $66.14 and a one year high of $121.54. 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 stock has a market cap of $4.52 billion, a P/E ratio of 33.59 and a beta of 0.57.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, topping 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 company had revenue of $414.23 million during the quarter, compared to analysts' expectations of $417.60 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. 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 EPS for the current year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 4th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.64 dividend on an annualized basis and a yield of 1.5%. Sensient Technologies's payout ratio is currently 51.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Robert W. Baird lifted 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. CJS Securities assumed coverage on Sensient Technologies in a research note on Tuesday, June 10th. They set a "market perform" rating and a $95.00 target price on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Sensient Technologies currently has an average rating of "Moderate Buy" and an average price target 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.

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