XTX Topco Ltd Acquires New Position in Sensient Technologies Corporation (NYSE:SXT)

Key Points

• XTX Topco Ltd acquired a new stake in Sensient Technologies Corporation, purchasing 17,338 shares valued at approximately $1.29 million in the first quarter of 2023.
• Sensient Technologies recently reported $0.94 earnings per share, beating analysts’ estimates, and had a net margin of 8.56% with a revenue increase of 2.7% year-over-year.
• The company announced a quarterly dividend of $0.41 per share, resulting in a 1.5% yield, with record shareholders to be paid on September 2nd.

XTX Topco Ltd purchased a new stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 17,338 shares of the specialty chemicals company's stock, valued at approximately $1,290,000.

Other large investors have also added to or reduced their stakes in the company. Freemont Capital Pte Ltd acquired a new position in Sensient Technologies during the 4th quarter worth $449,288,000. Congress Asset Management Co. acquired a new position in Sensient Technologies during the 1st quarter worth $49,984,000. Norges Bank acquired a new position in Sensient Technologies during the 4th quarter worth $45,757,000. Marshall Wace LLP acquired a new position in Sensient Technologies during the 4th quarter worth $24,490,000. Finally, JPMorgan Chase & Co. grew its holdings in Sensient Technologies by 100.9% during the 4th quarter. JPMorgan Chase & Co. now owns 200,726 shares of the specialty chemicals company's stock worth $14,304,000 after acquiring an additional 100,788 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,668 shares of Sensient Technologies stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $95.45, for a total transaction of $159,210.60. Following the transaction, the director directly owned 7,946 shares in the company, valued at approximately $758,445.70. The trade was a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SXT shares. Robert W. Baird raised their price objective 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 initiated coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 price target for the company.

Sensient Technologies Price Performance

Shares of SXT stock traded up $0.46 during midday trading on Wednesday, reaching $114.75. 138,150 shares of the company were exchanged, compared to its average volume of 352,201. Sensient Technologies Corporation has a 12 month low of $66.14 and a 12 month high of $115.40. The company has a market cap of $4.87 billion, a P/E ratio of 36.19 and a beta of 0.58. The company's 50 day moving average price is $103.06 and its two-hundred day moving average price is $87.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25.

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 for the quarter, topping 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 firm had revenue of $414.23 million during the quarter, compared to analysts' expectations of $417.60 million. During the same period last year, the firm posted $0.77 earnings per share. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 4th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.4%. The ex-dividend date 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.