Gables Capital Management Inc. Purchases New Holdings in Sensient Technologies Corporation $SXT

Gables Capital Management Inc. purchased a new stake in Sensient Technologies Corporation (NYSE:SXT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 600 shares of the specialty chemicals company’s stock, valued at approximately $59,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 248 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Sensient Technologies by 2.3% in 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. Pacific Capital Partners Ltd acquired a new stake in shares of Sensient Technologies in the second quarter valued at approximately $985,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Sensient Technologies in the first quarter valued at approximately $224,000. Finally, American Century Companies Inc. increased its holdings in shares of Sensient Technologies by 88.7% in the first quarter. American Century Companies Inc. now owns 12,779 shares of the specialty chemicals company’s stock valued at $951,000 after purchasing an additional 6,008 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SXT. Robert W. Baird raised their price target on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, July 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sensient Technologies in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Sensient Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Sensient Technologies Price Performance

SXT opened at $96.78 on Wednesday. The company has a fifty day moving average price of $104.09 and a two-hundred day moving average price of $99.21. 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 Corporation has a 52 week low of $66.14 and a 52 week high of $121.54. The firm has a market capitalization of $4.11 billion, a PE ratio of 30.53 and a beta of 0.56.

Sensient Technologies (NYSE:SXT) last announced 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 company had revenue of $414.23 million for the quarter, compared to analysts’ expectations of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

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