Stanley Laman Group Ltd. Acquires New Shares in Sensient Technologies Corporation $SXT

Key Points

• Stanley Laman Group Ltd. acquired 2,667 shares of Sensient Technologies valued at approximately $263,000, marking a new position in the second quarter.
• Several large investors have increased their holdings in Sensient Technologies, with institutional investors and hedge funds owning 90.86% of the company's stock.
• Sensient Technologies has set a fiscal year 2025 EPS guidance of 3.130-3.230 and recently declared a quarterly dividend with a 1.7% yield.

Stanley Laman Group Ltd. acquired a new position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,667 shares of the specialty chemicals company's stock, valued at approximately $263,000.

Other large investors also recently bought and sold shares of the company. Congress Asset Management Co. increased its position in shares of Sensient Technologies by 2.3% in the second quarter. Congress Asset Management Co. now owns 686,737 shares of the specialty chemicals company's stock valued at $67,657,000 after buying an additional 15,181 shares in the last quarter. Armistice Capital LLC increased its holdings in Sensient Technologies by 57.1% during the 1st quarter. Armistice Capital LLC now owns 549,827 shares of the specialty chemicals company's stock valued at $40,924,000 after acquiring an additional 199,827 shares in the last quarter. Nuveen LLC acquired a new position in Sensient Technologies during the first quarter worth about $24,434,000. Gamco Investors INC. ET AL lifted its holdings in shares of Sensient Technologies by 0.7% in the first quarter. Gamco Investors INC. ET AL now owns 315,561 shares of the specialty chemicals company's stock valued at $23,487,000 after purchasing an additional 2,299 shares in the last quarter. Finally, Robeco Schweiz AG lifted its holdings in shares of Sensient Technologies by 48.7% in the first quarter. Robeco Schweiz AG now owns 235,372 shares of the specialty chemicals company's stock valued at $17,519,000 after purchasing an additional 77,043 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SXT. Weiss Ratings restated a "buy (b-)" rating on shares of Sensient Technologies in a research report on Wednesday, October 8th. Robert W. Baird boosted their price target on Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $110.00.

Sensient Technologies Price Performance

Sensient Technologies stock opened at $95.52 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 30.13 and a beta of 0.56. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The firm has a 50 day moving average price of $104.91 and a 200 day moving average price of $98.91.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, topping 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 the consensus estimate of $417.60 million. During the same period in the prior year, the firm posted $0.77 EPS. The business'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 predict that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

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