Sensient Technologies Corporation $SXT Position Reduced by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC has reduced its stake in Sensient Technologies Corporation by 3.8%, now holding 60,916 shares valued at approximately $4.5 million.
• Wall Street analysts have a Moderate Buy rating for Sensient Technologies, with an average price target of $110.00 and one analyst giving a Buy rating.
• Sensient Technologies recently reported earnings per share of $0.94, exceeding estimates, and declared a quarterly dividend of $0.41 per share with a yield of 1.5%.

Great Lakes Advisors LLC decreased its holdings in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,916 shares of the specialty chemicals company's stock after selling 2,398 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.14% of Sensient Technologies worth $4,534,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Sensient Technologies by 132.6% in the first 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 during the last quarter. Russell Investments Group Ltd. boosted its holdings in Sensient Technologies by 52.5% in the first 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 during the last quarter. State of Wyoming boosted its holdings in Sensient Technologies by 52.9% in the fourth quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company's stock valued at $136,000 after purchasing an additional 662 shares during the last quarter. CWM LLC boosted its holdings in Sensient Technologies by 8.6% in the first 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 during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Sensient Technologies in the fourth quarter valued at about $155,000. Hedge funds and other institutional investors own 90.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SXT. Robert W. Baird increased their price target on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. CJS Securities initiated coverage on Sensient Technologies in a research note on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 price target for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $110.00.

Sensient Technologies Stock Performance

Shares of SXT traded down $1.53 during mid-day trading on Monday, reaching $104.90. 62,666 shares of the company's stock traded hands, compared to its average volume of 379,271. The business's 50-day moving average price is $112.17 and its 200-day moving average price is $95.00. The stock has a market capitalization of $4.45 billion, a P/E ratio of 33.04 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 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. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.64 annualized dividend and a yield of 1.6%. 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.