Future Fund LLC Invests $968,000 in Sensient Technologies Corporation $SXT

Future Fund LLC bought a new position in shares of Sensient Technologies Corporation (NYSE:SXT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,822 shares of the specialty chemicals company’s stock, valued at approximately $968,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. purchased a new stake in shares of Sensient Technologies during the 2nd quarter worth approximately $309,000. Vestmark Advisory Solutions Inc. grew its position in shares of Sensient Technologies by 273.1% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 13,472 shares of the specialty chemicals company’s stock valued at $1,327,000 after buying an additional 9,861 shares during the last quarter. Savant Capital LLC acquired a new stake in Sensient Technologies during the 2nd quarter worth $223,000. Ellevest Inc. purchased a new stake in Sensient Technologies in the second quarter valued at $206,000. Finally, Bank of Montreal Can boosted its stake in Sensient Technologies by 1.3% in the second quarter. Bank of Montreal Can now owns 8,418 shares of the specialty chemicals company’s stock valued at $829,000 after acquiring an additional 111 shares in the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Sensient Technologies in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $110.00.

Sensient Technologies Stock Up 1.2%

SXT stock opened at $93.12 on Friday. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 29.37 and a beta of 0.61. The company has a fifty day moving average price of $98.50 and a 200 day moving average price of $101.21. 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 Corporation has a 12 month low of $66.14 and a 12 month high of $121.54.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The company had revenue of $412.11 million for the quarter, compared to the consensus estimate of $407.45 million. During the same period last year, the firm posted $0.80 EPS. Sensient Technologies’s revenue for the quarter was up 5.0% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Sell-side analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 10th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, November 10th. Sensient Technologies’s payout ratio is 50.15%.

Insider Activity at Sensient Technologies

In related news, VP David J. Plautz purchased 2,150 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average price of $92.98 per share, for a total transaction of $199,907.00. Following the completion of the purchase, the vice president directly owned 2,999 shares of the company’s stock, valued at $278,847.02. This trade represents a 253.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Carleone purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average cost of $91.26 per share, with a total value of $91,260.00. Following the completion of the acquisition, the director owned 22,414 shares of the company’s stock, valued at approximately $2,045,501.64. This trade represents a 4.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 3,170 shares of company stock valued at $293,506. 1.20% of the stock is owned by company insiders.

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.