Connor Clark & Lunn Investment Management Ltd. Sells 15,189 Shares of Sensient Technologies Corporation $SXT

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 52.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,659 shares of the specialty chemicals company's stock after selling 15,189 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Sensient Technologies were worth $1,017,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Freemont Capital Pte Ltd acquired a new position in Sensient Technologies during the fourth quarter worth $449,288,000. Janus Henderson Group PLC raised its holdings in shares of Sensient Technologies by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 2,257,033 shares of the specialty chemicals company's stock valued at $160,836,000 after purchasing an additional 25,230 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sensient Technologies by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,223,728 shares of the specialty chemicals company's stock valued at $87,203,000 after purchasing an additional 26,119 shares during the last quarter. Congress Asset Management Co. purchased a new stake in shares of Sensient Technologies in the first quarter valued at about $49,984,000. Finally, Snyder Capital Management L P raised its holdings in shares of Sensient Technologies by 7.8% in the fourth quarter. Snyder Capital Management L P now owns 667,175 shares of the specialty chemicals company's stock valued at $47,543,000 after purchasing an additional 48,146 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company's stock.

Sensient Technologies Stock Performance

NYSE SXT traded up $2.2610 during trading hours on Friday, reaching $116.6310. 101,598 shares of the company were exchanged, compared to its average volume of 372,153. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The business's 50 day simple moving average is $108.09 and its 200-day simple moving average is $90.38. 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 stock has a market capitalization of $4.95 billion, a P/E ratio of 36.72 and a beta of 0.58.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, topping 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 business had revenue of $414.23 million during the quarter, compared to the consensus estimate of $417.60 million. During the same quarter last year, the company posted $0.77 earnings per share. The firm'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. On average, equities research analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 4th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, August 4th. Sensient Technologies's dividend payout ratio (DPR) is currently 51.74%.

Analyst Ratings Changes

SXT has been the subject of several analyst reports. CJS Securities initiated coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 target price for the company. Robert W. Baird increased their target price 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. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average 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.