Sensient Technologies Corporation $SXT Shares Sold 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 reduced its position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,916 shares of the specialty chemicals company's stock after selling 2,398 shares during the quarter. Great Lakes Advisors LLC owned about 0.14% of Sensient Technologies worth $4,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Sandler Capital Management acquired a new stake in shares of Sensient Technologies in the 1st quarter valued at approximately $5,865,000. Millennium Management LLC boosted its stake in Sensient Technologies by 112.1% in the first quarter. Millennium Management LLC now owns 115,042 shares of the specialty chemicals company's stock valued at $8,563,000 after buying an additional 60,807 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sensient Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,091 shares of the specialty chemicals company's stock valued at $1,868,000 after buying an additional 1,107 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Sensient Technologies by 103.2% during the first quarter. AQR Capital Management LLC now owns 8,852 shares of the specialty chemicals company's stock valued at $647,000 after purchasing an additional 4,496 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Sensient Technologies by 19.3% in the first quarter. Royal Bank of Canada now owns 4,952 shares of the specialty chemicals company's stock worth $369,000 after acquiring an additional 802 shares during the period. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Stock Down 1.0%

Shares of NYSE SXT traded down $1.04 during mid-day trading on Friday, hitting $106.49. 636,963 shares of the stock traded hands, compared to its average volume of 525,751. The stock has a fifty day moving average price of $112.17 and a 200-day moving average price of $94.64. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 33.59 and a beta of 0.57. Sensient Technologies Corporation has a 52 week low of $66.14 and a 52 week 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.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The firm had revenue of $414.23 million during the quarter, compared to analysts' expectations of $417.60 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Research analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, August 4th. Sensient Technologies's dividend payout ratio is presently 51.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their target price on Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. CJS Securities began coverage on Sensient Technologies in a research report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price target 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, Sensient Technologies has a consensus rating of "Moderate Buy" and an average target price of $110.00.

About Sensient Technologies

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.