Invesco Ltd. Has $13.11 Million Stock 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. lowered its position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 5.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Freemont Capital Pte Ltd bought a new stake in Sensient Technologies during the 4th quarter worth $449,288,000. Janus Henderson Group PLC grew its position in shares of Sensient Technologies by 1.1% in the 4th quarter. Janus Henderson Group PLC now owns 2,257,033 shares of the specialty chemicals company's stock valued at $160,836,000 after buying an additional 25,230 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sensient Technologies by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,223,728 shares of the specialty chemicals company's stock valued at $87,203,000 after buying an additional 26,119 shares during the last quarter. Congress Asset Management Co. bought a new stake in shares of Sensient Technologies in the 1st quarter valued at about $49,984,000. Finally, Northern Trust Corp grew its position in shares of Sensient Technologies by 10.2% in the 4th quarter. Northern Trust Corp now owns 569,652 shares of the specialty chemicals company's stock valued at $40,593,000 after buying an additional 52,654 shares during the last quarter. Institutional investors own 90.86% of the company's stock.

Sensient Technologies Trading Down 1.2%

Shares of Sensient Technologies stock traded down $1.39 on Friday, hitting $113.41. 16,057 shares of the company's stock traded hands, compared to its average volume of 373,205. Sensient Technologies Corporation has a one year low of $66.14 and a one year high of $121.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The company has a fifty day moving average of $109.94 and a two-hundred day moving average of $91.67. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 35.78 and a beta of 0.58.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its 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 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 analyst estimates of $417.60 million. During the same quarter in the prior year, the company earned $0.77 EPS. The firm'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. As a group, sell-side 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. Investors of record on Monday, August 4th will be given a dividend of $0.41 per share. The ex-dividend date is Monday, August 4th. This represents a $1.64 annualized dividend and a dividend yield of 1.4%. Sensient Technologies's dividend payout ratio is presently 51.74%.

Analysts Set New Price Targets

A number of research firms have commented on SXT. CJS Securities began coverage on Sensient Technologies in a research report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 price target on the stock. Robert W. Baird upped their price target on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Sensient Technologies has a consensus rating of "Moderate Buy" and a consensus 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.