Sentry Investment Management LLC Invests $363,000 in Sensient Technologies Corporation $SXT

Key Points

• Sentry Investment Management LLC invested $363,000 in Sensient Technologies Corporation, acquiring 3,348 shares during the second quarter.
• Wall Street analysts have raised the target price for Sensient Technologies from $93.00 to $125.00, indicating an "outperform" rating. The average consensus price target is now $110.00.
• Sensient Technologies declared a quarterly dividend of $0.41 per share, with an annualized dividend yield of 1.7%.

Sentry Investment Management LLC purchased a new position in Sensient Technologies Corporation (NYSE:SXT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,348 shares of the specialty chemicals company's stock, valued at approximately $363,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Trust Co. NA bought a new position in shares of Sensient Technologies in the second quarter worth $29,000. GAMMA Investing LLC boosted its stake in Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 248 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in Sensient Technologies during the second quarter valued at about $89,000. Russell Investments Group Ltd. boosted its stake in Sensient Technologies by 52.5% during the first quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company's stock valued at $94,000 after buying an additional 433 shares in the last quarter. Finally, Strs Ohio bought a new position in Sensient Technologies during the first quarter valued at about $119,000. Institutional investors own 90.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Robert W. Baird raised their target price on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Sensient Technologies in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $110.00.

Sensient Technologies Trading Up 2.1%

NYSE:SXT opened at $95.52 on Monday. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61. Sensient Technologies Corporation has a 1-year low of $66.14 and a 1-year high of $121.54. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 30.13 and a beta of 0.56. The stock has a fifty day simple moving average of $104.91 and a 200 day simple moving average of $99.08.

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 business had revenue of $414.23 million during the quarter, compared to analyst estimates of $417.60 million. During the same quarter last year, the company posted $0.77 EPS. Sensient Technologies's revenue for the quarter was up 2.7% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Sell-side analysts forecast that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 4th were given a $0.41 dividend. The ex-dividend date was Monday, August 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.7%. Sensient Technologies's dividend payout ratio (DPR) is 51.74%.

Sensient Technologies 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.

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