Amundi Sells 4,120 Shares of Sensient Technologies Corporation $SXT

Key Points

• Amundi reduced its stake in Sensient Technologies Corporation by 18.7%, owning 17,863 shares after selling 4,120 shares during Q1.
• Sensient Technologies reported a quarterly EPS of $0.94, exceeding analysts' expectations of $0.88, with revenue up 2.7% year-over-year.
• The company declared a quarterly dividend of $0.41 per share, resulting in an annual yield of 1.5%.

Amundi lessened its stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 18.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 17,863 shares of the specialty chemicals company's stock after selling 4,120 shares during the quarter. Amundi's holdings in Sensient Technologies were worth $1,341,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CWM LLC increased its position in Sensient Technologies by 8.6% during the first 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 period. Xponance Inc. increased its holdings in Sensient Technologies by 5.0% in the 1st quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company's stock valued at $236,000 after buying an additional 152 shares during the period. GAMMA Investing LLC increased its holdings in Sensient Technologies by 132.6% in the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 248 shares during the period. Raymond James Financial Inc. increased its holdings 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 valued at $6,792,000 after buying an additional 282 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings 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 valued at $94,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds own 90.86% of the company's stock.

Wall Street Analyst Weigh In

SXT has been the topic of several research reports. 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 report on Thursday, July 3rd. CJS Securities assumed coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Sensient Technologies has a consensus rating of "Moderate Buy" and an average target price of $110.00.

Sensient Technologies Trading Down 3.1%

Shares of NYSE SXT traded down $3.26 during midday trading on Monday, reaching $103.16. The stock had a trading volume of 448,021 shares, compared to its average volume of 518,609. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 32.54 and a beta of 0.57. Sensient Technologies Corporation has a twelve month low of $66.14 and a twelve month 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 company's 50 day moving average price is $112.09 and its 200 day moving average price is $95.23.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its 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. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The company had revenue of $414.23 million for the quarter, compared to the consensus estimate of $417.60 million. During the same quarter in the previous year, the company earned $0.77 EPS. Sensient Technologies's quarterly 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, sell-side analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 4th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, August 4th. Sensient Technologies's payout ratio is presently 51.74%.

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.