Vanguard Group Inc. Lowers Stake in Sensient Technologies Corporation $SXT

Key Points

• Vanguard Group Inc. reduced its stake in Sensient Technologies by 0.8%, selling 39,210 shares, and now holds approximately 11.84% of the company, valued at $374 million.
• Sensient Technologies reported earnings per share of $0.94 for the last quarter, surpassing estimates, despite a slight revenue shortfall, indicating overall growth compared to the previous year.
• The company declared a dividend of $0.41 per share, with an annual yield of 1.4%, reflecting a payout ratio of 51.74%.

Vanguard Group Inc. trimmed its stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,025,514 shares of the specialty chemicals company's stock after selling 39,210 shares during the quarter. Vanguard Group Inc. owned about 11.84% of Sensient Technologies worth $374,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Freemont Capital Pte Ltd acquired a new position in Sensient Technologies during the fourth quarter worth $449,288,000. Janus Henderson Group PLC raised its holdings 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 last quarter. Dimensional Fund Advisors LP raised its holdings 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 last quarter. Congress Asset Management Co. acquired a new position in Sensient Technologies during the first quarter worth $49,984,000. Finally, Snyder Capital Management L P raised its holdings in Sensient Technologies by 7.8% during the fourth quarter. Snyder Capital Management L P now owns 667,175 shares of the specialty chemicals company's stock worth $47,543,000 after purchasing an additional 48,146 shares during the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SXT shares. CJS Securities started coverage on 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 Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Sensient Technologies currently has an average rating of "Moderate Buy" and an average target price of $110.00.

Sensient Technologies Price Performance

Sensient Technologies stock traded up $0.9560 during mid-day trading on Thursday, hitting $114.5860. 1,788,801 shares of the company were exchanged, compared to its average volume of 499,728. 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's 50 day simple moving average is $108.09 and its two-hundred day simple moving average is $90.38. The company has a market capitalization of $4.87 billion, a P/E ratio of 36.15 and a beta of 0.58. Sensient Technologies Corporation has a 12-month low of $66.14 and a 12-month high of $121.54.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. The business had revenue of $414.23 million during the quarter, compared to the consensus estimate of $417.60 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts forecast that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

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