Sensient Technologies Corporation $SXT Position Cut by Blue Trust Inc.

Blue Trust Inc. trimmed its stake in Sensient Technologies Corporation (NYSE:SXT) by 33.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 572 shares of the specialty chemicals company’s stock after selling 286 shares during the quarter. Blue Trust Inc.’s holdings in Sensient Technologies were worth $56,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SXT. GAMMA Investing LLC lifted its stake in Sensient Technologies by 132.6% in the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 248 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Sensient Technologies during the first quarter valued at about $224,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Sensient Technologies by 29.9% during the first quarter. Robeco Institutional Asset Management B.V. now owns 31,759 shares of the specialty chemicals company’s stock valued at $2,364,000 after purchasing an additional 7,310 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Sensient Technologies by 29.1% during the first quarter. Teacher Retirement System of Texas now owns 43,534 shares of the specialty chemicals company’s stock valued at $3,240,000 after purchasing an additional 9,817 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Sensient Technologies by 2.3% during the first quarter. Principal Financial Group Inc. now owns 220,906 shares of the specialty chemicals company’s stock valued at $16,442,000 after purchasing an additional 5,011 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Trading Up 2.1%

Shares of SXT opened at $95.52 on Friday. The business’s 50-day moving average price is $104.91 and its 200 day moving average price is $98.91. The stock has a market capitalization of $4.06 billion, a P/E ratio of 30.13 and a beta of 0.56. Sensient Technologies Corporation has a 1-year low of $66.14 and a 1-year high of $121.54. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61.

Sensient Technologies (NYSE:SXT) last issued its quarterly 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. The firm had revenue of $414.23 million for 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%.Sensient Technologies’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 4th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.64 dividend on an annualized basis and a yield of 1.7%. Sensient Technologies’s dividend payout ratio (DPR) is currently 51.74%.

Wall Street Analysts Forecast Growth

SXT has been the topic of a number of recent analyst reports. 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 research note on Thursday, July 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Sensient Technologies in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Sensient Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

About Sensient Technologies

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.