Rivermont Capital Management LP Acquires New Position in Sensient Technologies Corporation $SXT

Key Points

• Rivermont Capital Management LP has invested approximately $10.09 million in Sensient Technologies, acquiring 135,517 shares, which now represents 4.3% of their portfolio.
• Several institutional investors, including GAMMA Investing LLC and Russell Investments Group Ltd., have also increased their stakes in Sensient Technologies, indicating positive institutional interest in the company.
• Analysts have raised the price target for Sensient Technologies from $93.00 to $125.00, with a consensus rating of "Moderate Buy" and a price target of $110.00.

Rivermont Capital Management LP purchased a new position in Sensient Technologies Corporation (NYSE:SXT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 135,517 shares of the specialty chemicals company's stock, valued at approximately $10,087,000. Sensient Technologies comprises about 4.3% of Rivermont Capital Management LP's investment portfolio, making the stock its 12th biggest holding. Rivermont Capital Management LP owned 0.32% of Sensient Technologies as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of SXT. CWM LLC raised its position in Sensient Technologies by 8.6% in the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock worth $141,000 after buying an additional 150 shares during the last quarter. Xponance Inc. raised its position in Sensient Technologies by 5.0% in the 1st quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company's stock worth $236,000 after buying an additional 152 shares during the last quarter. GAMMA Investing LLC raised its position in Sensient Technologies by 132.6% in the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock worth $32,000 after buying an additional 248 shares during the last quarter. Raymond James Financial Inc. raised its position in Sensient Technologies by 0.3% in the 1st quarter. Raymond James Financial Inc. now owns 91,255 shares of the specialty chemicals company's stock worth $6,792,000 after buying an additional 282 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Sensient Technologies by 52.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company's stock worth $94,000 after buying an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 90.86% of the company's stock.

Wall Street Analyst Weigh In

SXT has been the subject of a number of recent analyst reports. CJS Securities initiated coverage on Sensient Technologies in a research report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 target price for the company. Robert W. Baird boosted their target price on Sensient Technologies from $93.00 to $125.00 and gave the stock 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $110.00.

Sensient Technologies Stock Performance

Shares of Sensient Technologies stock traded down $1.04 during trading hours on Friday, reaching $106.49. 636,963 shares of the stock traded hands, compared to its average volume of 518,609. The company has a 50 day moving average price of $112.17 and a 200 day moving average price of $95.00. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 33.59 and a beta of 0.57. Sensient Technologies Corporation has a one year low of $66.14 and a one year high of $121.54. 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 (NYSE:SXT - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. The business had revenue of $414.23 million during the quarter, compared to the consensus estimate of $417.60 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, equities research analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

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