Rivermont Capital Management LP Invests $10.09 Million 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 acquired a new stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 135,517 shares of the specialty chemicals company's stock, valued at approximately $10,087,000. Sensient Technologies comprises approximately 4.3% of Rivermont Capital Management LP's investment portfolio, making the stock its 12th largest position. Rivermont Capital Management LP owned approximately 0.32% of Sensient Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. CWM LLC grew its holdings in Sensient Technologies by 8.6% during 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 during the period. Xponance Inc. grew its holdings in Sensient Technologies by 5.0% during the first quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company's stock valued at $236,000 after purchasing an additional 152 shares during the period. GAMMA Investing LLC lifted its position in shares of Sensient Technologies by 132.6% in the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock valued at $32,000 after acquiring an additional 248 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Sensient Technologies by 0.3% in the first quarter. Raymond James Financial Inc. now owns 91,255 shares of the specialty chemicals company's stock valued at $6,792,000 after acquiring an additional 282 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Sensient Technologies by 52.5% in the first quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company's stock valued at $94,000 after acquiring an additional 433 shares in the last quarter. Institutional investors own 90.86% of the company's stock.

Sensient Technologies Price Performance

Shares of SXT stock traded down $1.04 during trading hours on Friday, hitting $106.49. The stock had a trading volume of 636,963 shares, compared to its average volume of 381,161. 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 current ratio of 4.25 and a quick ratio of 1.78. The stock's 50-day moving average price is $112.19 and its two-hundred day moving average price is $94.39. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 33.59 and a beta of 0.57.

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 (EPS) 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 firm had revenue of $414.23 million for the quarter, compared to analysts' expectations of $417.60 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The business'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. Equities analysts forecast that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Announces Dividend

The company also recently announced 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 1.5%. Sensient Technologies's dividend payout ratio is currently 51.74%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. CJS Securities assumed coverage on Sensient Technologies in a research report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 price objective on the stock. Robert W. Baird boosted their price objective on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.