Sensient Technologies (NYSE:SXT) Stock Price Down 10.4% - What's Next?

Key Points

• Sensient Technologies shares fell by 10.4% in trading on Wednesday, closing at $99.74, down from a previous close of $111.31.
• Brokerage firm Robert W. Baird raised their price target for Sensient Technologies from $93.00 to $125.00, maintaining an "outperform" rating.
• The company reported earnings of $0.94 per share for the last quarter, exceeding estimates, but revenue of $414.23 million fell short of predictions of $417.60 million.

Shares of Sensient Technologies Corporation (NYSE:SXT - Get Free Report) traded down 10.4% during mid-day trading on Wednesday . The company traded as low as $97.46 and last traded at $99.74. 500,464 shares traded hands during trading, an increase of 34% from the average session volume of 372,126 shares. The stock had previously closed at $111.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. CJS Securities started coverage on Sensient Technologies in a research report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price objective on the stock. Robert W. Baird boosted their target price on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $110.00.

Sensient Technologies Trading Down 3.1%

The firm has a market capitalization of $4.38 billion, a PE ratio of 32.54 and a beta of 0.57. The stock's 50-day moving average price is $112.17 and its 200 day moving average price is $95.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. The business had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The company's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, sell-side analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 4th. Sensient Technologies's dividend payout ratio is presently 51.74%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SXT. Deutsche Bank AG grew its position in shares of Sensient Technologies by 47.8% in the 4th quarter. Deutsche Bank AG now owns 37,227 shares of the specialty chemicals company's stock worth $2,653,000 after buying an additional 12,039 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in Sensient Technologies by 102.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 31,866 shares of the specialty chemicals company's stock valued at $2,271,000 after acquiring an additional 16,151 shares in the last quarter. Gotham Asset Management LLC raised its position in Sensient Technologies by 84.6% during the fourth quarter. Gotham Asset Management LLC now owns 14,077 shares of the specialty chemicals company's stock valued at $1,003,000 after acquiring an additional 6,450 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sensient Technologies by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,984 shares of the specialty chemicals company's stock valued at $1,709,000 after acquiring an additional 932 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Sensient Technologies by 59.8% during the fourth quarter. Millennium Management LLC now owns 54,235 shares of the specialty chemicals company's stock worth $3,865,000 after purchasing an additional 20,290 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company's stock.

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.