Savant Capital LLC Purchases New Holdings in Sensient Technologies Corporation $SXT

Savant Capital LLC acquired a new position in Sensient Technologies Corporation (NYSE:SXT) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,260 shares of the specialty chemicals company’s stock, valued at approximately $223,000.

Several other institutional investors also recently modified their holdings of SXT. Bank of Montreal Can raised its stake in shares of 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 purchasing an additional 111 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Sensient Technologies by 0.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 12,478 shares of the specialty chemicals company’s stock valued at $1,229,000 after buying an additional 113 shares during the period. CWM LLC raised its stake in shares of Sensient Technologies by 8.6% in the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company’s stock valued at $141,000 after buying an additional 150 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Sensient Technologies by 20.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 899 shares of the specialty chemicals company’s stock worth $89,000 after acquiring an additional 155 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of Sensient Technologies by 0.4% during the 2nd quarter. New York State Teachers Retirement System now owns 56,165 shares of the specialty chemicals company’s stock valued at $5,533,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

NYSE SXT opened at $93.08 on Thursday. Sensient Technologies Corporation has a 1-year low of $66.14 and a 1-year high of $121.54. The company has a 50 day moving average of $95.62 and a 200-day moving average of $101.46. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 29.36 and a beta of 0.61.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The business had revenue of $412.11 million for the quarter, compared to analyst estimates of $407.45 million. During the same period in the prior year, the company earned $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. On average, equities analysts forecast that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders 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 dividend yield of 1.8%. Sensient Technologies’s dividend payout ratio (DPR) is 50.15%.

Insider Transactions at Sensient Technologies

In related news, VP David J. Plautz bought 2,150 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was bought at an average cost of $92.98 per share, with a total value of $199,907.00. Following the completion of the purchase, the vice president owned 2,999 shares in the company, valued at approximately $278,847.02. The trade was a 253.24% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Joseph Carleone bought 1,000 shares of Sensient Technologies stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of $91.26 per share, for a total transaction of $91,260.00. Following the completion of the transaction, the director directly owned 22,414 shares of the company’s stock, valued at $2,045,501.64. This represents a 4.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Sensient Technologies in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $110.00.

Sensient Technologies 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.