13,500 Shares in Sensient Technologies Corporation $SXT Purchased by Tejara Capital Ltd

Key Points

• Tejara Capital Ltd has acquired a new stake of 13,500 shares in Sensient Technologies Corporation, valued at approximately $1,005,000 as per its recent filing.
• Institutional investors own 90.86% of Sensient Technologies' stock, indicating substantial confidence among larger funds in the company.
• Analysts have increased Sensient Technologies' price target to $125.00, reflecting positive growth forecasts for the company.

Tejara Capital Ltd purchased a new stake in Sensient Technologies Corporation (NYSE:SXT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,500 shares of the specialty chemicals company's stock, valued at approximately $1,005,000.

A number of other institutional investors also recently modified their holdings of SXT. Oak Ridge Investments LLC acquired a new position in Sensient Technologies during the first quarter worth $2,206,000. Vestmark Advisory Solutions Inc. purchased a new stake in Sensient Technologies in the 1st quarter valued at $269,000. Sit Investment Associates Inc. raised its position in Sensient Technologies by 20.7% in the 1st quarter. Sit Investment Associates Inc. now owns 7,000 shares of the specialty chemicals company's stock valued at $521,000 after buying an additional 1,200 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of 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 purchasing an additional 433 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Sensient Technologies by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 134,325 shares of the specialty chemicals company's stock valued at $9,998,000 after buying an additional 28,783 shares during the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SXT. CJS Securities began coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price objective for the company. Robert W. Baird raised their price target on shares of Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $110.00.

Sensient Technologies Stock Performance

Shares of SXT traded down $0.2320 during trading hours on Wednesday, hitting $113.5980. The company's stock had a trading volume of 921,519 shares, compared to its average volume of 475,241. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 35.84 and a beta of 0.58. 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 business has a 50 day simple moving average of $107.69 and a two-hundred day simple moving average of $90.11. 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 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. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The firm had revenue of $414.23 million during the quarter, compared to the consensus estimate of $417.60 million. During the same quarter last year, the company earned $0.77 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, equities analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share 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. Shareholders of record on Monday, August 4th will be issued 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 of this dividend is Monday, August 4th. Sensient Technologies's payout ratio is presently 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.