Sensient Technologies Corporation $SXT Shares Sold by Amundi

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

A number of other institutional investors have also recently made changes to their positions in the business. Deutsche Bank AG lifted its stake in Sensient Technologies by 47.8% in the fourth quarter. Deutsche Bank AG now owns 37,227 shares of the specialty chemicals company's stock worth $2,653,000 after acquiring an additional 12,039 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Sensient Technologies by 102.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 31,866 shares of the specialty chemicals company's stock worth $2,271,000 after buying an additional 16,151 shares during the last quarter. Gotham Asset Management LLC raised its position in Sensient Technologies by 84.6% in the 4th quarter. Gotham Asset Management LLC now owns 14,077 shares of the specialty chemicals company's stock valued at $1,003,000 after purchasing an additional 6,450 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sensient Technologies by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,984 shares of the specialty chemicals company's stock valued at $1,709,000 after purchasing an additional 932 shares during the last quarter. Finally, Millennium Management LLC raised its position in Sensient Technologies by 59.8% in the 4th quarter. Millennium Management LLC now owns 54,235 shares of the specialty chemicals company's stock valued at $3,865,000 after purchasing an additional 20,290 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company's stock.

Sensient Technologies Trading Up 2.3%

Shares of SXT stock traded up $2.33 during trading hours on Thursday, hitting $103.16. 453,167 shares of the company were exchanged, compared to its average volume of 500,628. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The firm has a fifty day moving average of $111.66 and a 200 day moving average of $95.55. 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 firm has a market cap of $4.38 billion, a PE ratio of 32.54 and a beta of 0.57.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The firm had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. During the same quarter last year, the firm posted $0.77 earnings per share. Sensient Technologies'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. Analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on SXT. Robert W. Baird boosted their price objective 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. 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 objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.