Deutsche Bank AG Sells 4,127 Shares of Sensient Technologies Corporation $SXT

Deutsche Bank AG decreased its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 11.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,100 shares of the specialty chemicals company’s stock after selling 4,127 shares during the quarter. Deutsche Bank AG owned about 0.08% of Sensient Technologies worth $2,464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in Sensient Technologies in the fourth quarter worth $6,483,000. Dimensional Fund Advisors LP grew its stake in shares of Sensient Technologies by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,223,728 shares of the specialty chemicals company’s stock valued at $87,203,000 after buying an additional 26,119 shares during the period. MetLife Investment Management LLC grew its stake in shares of Sensient Technologies by 4.4% in the 4th quarter. MetLife Investment Management LLC now owns 25,382 shares of the specialty chemicals company’s stock valued at $1,809,000 after buying an additional 1,072 shares during the period. Tower Research Capital LLC TRC increased its position in Sensient Technologies by 156.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,051 shares of the specialty chemicals company’s stock valued at $289,000 after buying an additional 2,470 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its stake in Sensient Technologies by 3.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 19,688 shares of the specialty chemicals company’s stock worth $1,403,000 after buying an additional 743 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SXT. Robert W. Baird raised their price objective on Sensient Technologies from $93.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, July 3rd. CJS Securities began coverage on shares of Sensient Technologies in a research report on Tuesday, June 10th. They issued a “market perform” rating and a $95.00 price target for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Sensient Technologies Stock Performance

Shares of Sensient Technologies stock opened at $113.5980 on Thursday. Sensient Technologies Corporation has a 52 week low of $66.14 and a 52 week high of $121.54. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $107.69 and a 200-day moving average price of $90.11. The company has a market cap of $4.82 billion, a PE ratio of 35.84 and a beta of 0.58.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 12.56% and a net margin of 8.56%.Sensient Technologies’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Equities analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th will be issued a $0.41 dividend. The ex-dividend date is Monday, August 4th. This represents a $1.64 annualized dividend and a dividend yield of 1.4%. Sensient Technologies’s dividend payout ratio 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.