Invesco Ltd. Reduces Position in Sensient Technologies Corporation $SXT

Key Points

• Invesco Ltd. reduced its stake in Sensient Technologies Corporation by 5.0%, now holding 176,140 shares valued at approximately $13.11 million.
• Sensient Technologies recently reported earnings of $0.94 per share, surpassing analysts' expectations, and posted a 2.7% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.41 per share with an annualized yield of 1.4%, scheduled to be paid on September 2nd.

Invesco Ltd. trimmed its stake in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 5.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 176,140 shares of the specialty chemicals company's stock after selling 9,350 shares during the period. Invesco Ltd. owned about 0.41% of Sensient Technologies worth $13,110,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 248 shares during the period. Quarry LP purchased a new position in shares of Sensient Technologies in the fourth quarter valued at approximately $50,000. State of Wyoming boosted its stake in shares of 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 period. CWM LLC boosted its stake in shares of 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 period. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Sensient Technologies in the fourth quarter valued at approximately $155,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SXT has been the subject of several recent research reports. Robert W. Baird raised 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 for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $110.00.

Sensient Technologies Stock Down 1.3%

Shares of SXT stock traded down $1.50 during trading hours on Friday, reaching $113.30. 271,557 shares of the stock were exchanged, compared to its average volume of 531,770. The business's fifty day moving average is $110.29 and its two-hundred day moving average is $91.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. Sensient Technologies Corporation has a 12-month low of $66.14 and a 12-month high of $121.54. The firm has a market capitalization of $4.81 billion, a P/E ratio of 35.74 and a beta of 0.58.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its 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. The firm had revenue of $414.23 million during the quarter, compared to analysts' expectations of $417.60 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, research analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 4th will be paid 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%.

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.