Sandler Capital Management Takes Position in Sensient Technologies Corporation $SXT

Key Points

• Sandler Capital Management has acquired a new stake in Sensient Technologies Corporation, purchasing 78,796 shares valued at approximately $5.87 million, which represents 1.5% of its portfolio.
• Sensient Technologies reported a quarterly earnings per share (EPS) of $0.94, surpassing analysts' expectations of $0.88, while revenue increased by 2.7% year-over-year.
• The company recently declared a quarterly dividend of $0.41 per share, with an annual yield of 1.5%.

Sandler Capital Management bought a new position in Sensient Technologies Corporation (NYSE:SXT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 78,796 shares of the specialty chemicals company's stock, valued at approximately $5,865,000. Sensient Technologies comprises approximately 1.5% of Sandler Capital Management's portfolio, making the stock its 16th largest position. Sandler Capital Management owned approximately 0.19% of Sensient Technologies as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SXT. CWM LLC grew its stake in Sensient Technologies by 8.6% during the 1st 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. Xponance Inc. grew its stake in Sensient Technologies by 5.0% during the 1st 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 in the last quarter. GAMMA Investing LLC grew its stake in Sensient Technologies by 132.6% during the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 248 shares in the last quarter. Raymond James Financial Inc. grew its stake in Sensient Technologies by 0.3% during the 1st quarter. Raymond James Financial Inc. now owns 91,255 shares of the specialty chemicals company's stock valued at $6,792,000 after purchasing an additional 282 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Sensient Technologies by 52.5% during the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company's stock valued at $94,000 after purchasing an additional 433 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Stock Performance

Shares of SXT traded up $1.51 during mid-day trading on Thursday, reaching $107.70. 567,794 shares of the company's stock traded hands, compared to its average volume of 379,683. The business's 50-day moving average price is $112.20 and its 200-day moving average price is $94.13. The stock has a market capitalization of $4.57 billion, a P/E ratio of 33.97 and a beta of 0.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. Sensient Technologies Corporation has a 12 month low of $66.14 and a 12 month high of $121.54.

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 for the quarter, beating 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 for the quarter, compared to analysts' expectations of $417.60 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The business's revenue for the quarter 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 predict that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SXT. CJS Securities began coverage on Sensient Technologies in a research note on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price objective for the company. Robert W. Baird upped their price objective on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research note 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. According to MarketBeat.com, Sensient Technologies has a consensus rating of "Moderate Buy" and an average target price of $110.00.

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.