Tejara Capital Ltd Purchases New Position in Sensient Technologies Corporation $SXT

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 bought a new position in Sensient Technologies Corporation (NYSE:SXT - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,500 shares of the specialty chemicals company's stock, valued at approximately $1,005,000.

A number of other large investors have also added to or reduced their stakes in the stock. Freemont Capital Pte Ltd bought a new stake in Sensient Technologies in the 4th quarter worth approximately $449,288,000. Janus Henderson Group PLC grew its position in shares of Sensient Technologies by 1.1% during 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 acquiring an additional 25,230 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Sensient Technologies by 2.2% during 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 acquiring an additional 26,119 shares during the period. Congress Asset Management Co. bought a new stake in shares of Sensient Technologies during the 1st quarter valued at $49,984,000. Finally, Snyder Capital Management L P grew its position in shares of Sensient Technologies by 7.8% during the 4th quarter. Snyder Capital Management L P now owns 667,175 shares of the specialty chemicals company's stock valued at $47,543,000 after acquiring an additional 48,146 shares during the period. Institutional investors own 90.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SXT shares. Robert W. Baird boosted their price objective on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. CJS Securities started coverage on shares of Sensient Technologies in a research report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price objective for the company.

Sensient Technologies Price Performance

Shares of SXT traded up $2.62 during trading hours on Friday, reaching $118.17. 779,818 shares of the stock traded hands, compared to its average volume of 475,786. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61. Sensient Technologies Corporation has a 52-week low of $66.14 and a 52-week high of $121.54. The company's 50-day moving average price is $106.58 and its two-hundred day moving average price is $89.49. The company has a market cap of $5.02 billion, a P/E ratio of 37.28 and a beta of 0.58.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its 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 net margin of 8.56% and a return on equity of 12.56%. The company had revenue of $414.23 million for the quarter, compared to analysts' expectations of $417.60 million. During the same quarter in the previous year, the company earned $0.77 EPS. Sensient Technologies's revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts anticipate 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 will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 4th will be paid a $0.41 dividend. The ex-dividend date is Monday, August 4th. This represents a $1.64 annualized dividend and a yield of 1.4%. Sensient Technologies's payout ratio 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.