Townsquare Capital LLC Acquires Shares of 37,525 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 acquired a new stake in Sensient Technologies Corporation (NYSE:SXT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 37,525 shares of the specialty chemicals company's stock, valued at approximately $2,793,000. Townsquare Capital LLC owned approximately 0.09% of Sensient Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Jefferies Financial Group Inc. grew its holdings in shares of Sensient Technologies by 77.4% during the first quarter. Jefferies Financial Group Inc. now owns 40,983 shares of the specialty chemicals company's stock worth $3,050,000 after buying an additional 17,883 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Sensient Technologies during the first quarter worth $1,290,000. Mackenzie Financial Corp grew its holdings in shares of Sensient Technologies by 19.5% during the first quarter. Mackenzie Financial Corp now owns 6,023 shares of the specialty chemicals company's stock worth $448,000 after buying an additional 981 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Sensient Technologies by 19.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,395 shares of the specialty chemicals company's stock worth $774,000 after buying an additional 1,691 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Sensient Technologies during the first quarter worth $379,000. Hedge funds and other institutional investors own 90.86% of the company's stock.

Sensient Technologies Stock Down 0.5%

Shares of NYSE:SXT opened at $116.04 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $104.76 and a two-hundred day moving average of $88.31. The stock has a market cap of $4.93 billion, a P/E ratio of 36.61 and a beta of 0.58. Sensient Technologies Corporation has a 52-week low of $66.14 and a 52-week high of $118.62.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $414.23 million during the quarter, compared to analysts' expectations of $417.60 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 EPS. On average, research analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

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

Wall Street Analyst Weigh In

SXT has been the subject of a number of research reports. Robert W. Baird upped their target price on shares of Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. CJS Securities started coverage on Sensient Technologies in a report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 target price for the company.

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.

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