Gabelli Funds LLC Raises Holdings in Sensient Technologies Corporation $SXT

Key Points

• Gabelli Funds LLC increased its stake in Sensient Technologies by 9.4%, owning 165,500 shares valued at approximately $12.3 million as of the latest SEC filing.
• Sensient Technologies reported $0.94 earnings per share for the last quarter, exceeding analysts' expectations of $0.88, and set FY 2025 guidance at $3.130-3.230 EPS.
• The company declared a quarterly dividend of $0.41 per share, scheduled for payout on September 2nd, with an annualized yield of 1.4%.

Gabelli Funds LLC boosted its holdings in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,500 shares of the specialty chemicals company's stock after acquiring an additional 14,200 shares during the quarter. Gabelli Funds LLC owned 0.39% of Sensient Technologies worth $12,318,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Sensient Technologies by 132.6% in the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock worth $32,000 after acquiring an additional 248 shares during the last quarter. Quarry LP bought a new position in Sensient Technologies in the 4th quarter worth about $50,000. Russell Investments Group Ltd. increased its stake in Sensient Technologies by 52.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company's stock worth $94,000 after acquiring an additional 433 shares during the last quarter. State of Wyoming increased its stake in Sensient Technologies by 52.9% in the 4th quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company's stock worth $136,000 after acquiring an additional 662 shares during the last quarter. Finally, CWM LLC increased its stake in Sensient Technologies by 8.6% in the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock worth $141,000 after acquiring an additional 150 shares during the last quarter. 90.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SXT has been the topic of a number of research analyst reports. 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 target price on the stock. Robert W. Baird increased their price objective 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 research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $110.00.

Sensient Technologies Price Performance

Shares of Sensient Technologies stock traded down $1.05 during trading on Tuesday, hitting $112.41. 26,876 shares of the stock traded hands, compared to its average volume of 372,679. 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 cap of $4.77 billion, a price-to-earnings ratio of 35.48 and a beta of 0.57. The firm's fifty day moving average is $110.59 and its 200-day moving average is $92.44. Sensient Technologies Corporation has a 52 week low of $66.14 and a 52 week high of $121.54.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The company's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Research analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 4th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, August 4th. This represents a $1.64 annualized dividend and a yield of 1.5%. Sensient Technologies's dividend payout ratio 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.