Armistice Capital LLC Has $40.92 Million Stake in Sensient Technologies Corporation $SXT

Key Points

• Armistice Capital LLC increased its stake in Sensient Technologies by 57.1%, owning approximately 1.29% of the company, valued at $40.9 million as of the latest SEC filing.
• Robert W. Baird has raised the target price for Sensient Technologies from $93.00 to $125.00, signaling an "outperform" rating for the stock.
• Sensient Technologies announced a quarterly dividend of $0.41 per share, which will be paid on September 2nd, representing an annualized yield of 1.4%.

Armistice Capital LLC lifted its holdings in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 57.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 549,827 shares of the specialty chemicals company's stock after buying an additional 199,827 shares during the quarter. Armistice Capital LLC owned about 1.29% of Sensient Technologies worth $40,924,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SXT. GAMMA Investing LLC grew its position in shares of Sensient Technologies by 132.6% during 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 period. Quarry LP bought a new position in Sensient Technologies during the 4th quarter worth approximately $50,000. Russell Investments Group Ltd. boosted 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 worth $94,000 after acquiring an additional 433 shares during the last quarter. State of Wyoming boosted its stake in Sensient Technologies by 52.9% during the 4th quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company's stock worth $136,000 after acquiring an additional 662 shares during the last quarter. Finally, CWM LLC boosted 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 worth $141,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company's stock.

Analyst Upgrades and Downgrades

SXT has been the topic of a number of research reports. CJS Securities initiated coverage on shares of Sensient Technologies in a research note on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 price target on the stock. Robert W. Baird lifted their price target 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. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $110.00.

Sensient Technologies Stock Down 1.6%

Shares of SXT stock traded down $1.78 during trading on Friday, reaching $111.06. The company's stock had a trading volume of 95,428 shares, compared to its average volume of 371,889. The business has a fifty day moving average price of $111.46 and a 200-day moving average price of $93.00. 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 company has a market cap of $4.72 billion, a price-to-earnings ratio of 35.03 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.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

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. This represents a $1.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, August 4th. Sensient Technologies's payout ratio is presently 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.