Townsquare Capital LLC Purchases New Shares in Sensient Technologies Corporation (NYSE:SXT)

Key Points

• Townsquare Capital LLC acquired 37,525 shares of Sensient Technologies, valued at approximately $2.79 million, representing about 0.09% of the company's stock.
• Sensient Technologies recently reported $0.94 earnings per share (EPS) for the last quarter, exceeding the consensus estimate of $0.88, with a year-over-year revenue increase of 2.7%.
• The company has announced a quarterly dividend of $0.41 per share, with a yield of 1.4% and a payout ratio of 51.74%.

Townsquare Capital LLC bought a new position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 37,525 shares of the specialty chemicals company's stock, valued at approximately $2,793,000. Townsquare Capital LLC owned 0.09% of Sensient Technologies at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Freemont Capital Pte Ltd purchased a new position in Sensient Technologies during the fourth quarter worth about $449,288,000. Janus Henderson Group PLC raised its stake in Sensient Technologies by 1.1% during the fourth quarter. Janus Henderson Group PLC now owns 2,257,033 shares of the specialty chemicals company's stock worth $160,836,000 after purchasing an additional 25,230 shares during the period. Dimensional Fund Advisors LP raised its stake in Sensient Technologies by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,223,728 shares of the specialty chemicals company's stock worth $87,203,000 after purchasing an additional 26,119 shares during the period. Congress Asset Management Co. purchased a new stake in shares of Sensient Technologies in the 1st quarter valued at approximately $49,984,000. Finally, Snyder Capital Management L P raised its stake in shares of Sensient Technologies by 7.8% in 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. 90.86% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Stock Up 2.3%

NYSE SXT traded up $2.62 on Friday, hitting $118.17. 779,818 shares of the stock were exchanged, compared to its average volume of 452,378. 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 fifty-two week low of $66.14 and a fifty-two week high of $121.54. The company has a market cap of $5.02 billion, a PE ratio of 37.28 and a beta of 0.58. The company has a 50-day moving average price of $106.58 and a 200-day moving average price of $89.30.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 EPS 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 company had revenue of $414.23 million during the quarter, compared to analysts' expectations of $417.60 million. During the same quarter in the previous year, the business posted $0.77 EPS. The firm's revenue was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th will be issued a $0.41 dividend. The ex-dividend date is Monday, August 4th. This represents a $1.64 annualized dividend and a dividend yield of 1.4%. Sensient Technologies's dividend payout ratio is presently 51.74%.

Wall Street Analysts Forecast Growth

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

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.