Westwood Holdings Group Inc. Takes Position in Sensient Technologies Corporation $SXT

Westwood Holdings Group Inc. bought a new position in shares of Sensient Technologies Corporation (NYSE:SXT) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 926,516 shares of the specialty chemicals company’s stock, valued at approximately $91,280,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SXT. Private Trust Co. NA purchased a new stake in shares of Sensient Technologies during the second quarter worth $29,000. Gables Capital Management Inc. acquired a new position in Sensient Technologies during the second quarter worth about $59,000. GAMMA Investing LLC grew its stake in Sensient Technologies by 69.2% during the 2nd quarter. GAMMA Investing LLC now owns 736 shares of the specialty chemicals company’s stock valued at $73,000 after acquiring an additional 301 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in Sensient Technologies in the 2nd quarter valued at about $89,000. Finally, Nisa Investment Advisors LLC lifted its stake in Sensient Technologies by 20.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 899 shares of the specialty chemicals company’s stock worth $89,000 after purchasing an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Insider Activity at Sensient Technologies

In other Sensient Technologies news, Director Joseph Carleone bought 1,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average price of $91.26 per share, for a total transaction of $91,260.00. Following the completion of the purchase, the director owned 22,414 shares of the company’s stock, valued at approximately $2,045,501.64. This represents a 4.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David J. Plautz purchased 2,150 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average cost of $92.98 per share, for a total transaction of $199,907.00. Following the acquisition, the vice president owned 2,999 shares of the company’s stock, valued at approximately $278,847.02. The trade was a 253.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.20% of the stock is currently owned by corporate insiders.

Sensient Technologies Stock Performance

Shares of SXT stock opened at $93.81 on Friday. The firm has a 50 day moving average of $96.65 and a two-hundred day moving average of $101.42. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61. Sensient Technologies Corporation has a 52 week low of $66.14 and a 52 week high of $121.54. The stock has a market capitalization of $3.99 billion, a PE ratio of 29.59 and a beta of 0.61.

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

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 10th will be paid a $0.41 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.64 dividend on an annualized basis and a yield of 1.7%. Sensient Technologies’s payout ratio is currently 50.15%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Sensient Technologies in a research note on Thursday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $110.00.

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.