HighTower Advisors LLC Decreases Stock Holdings in Sensient Technologies Corporation $SXT

HighTower Advisors LLC decreased its position in Sensient Technologies Corporation (NYSE:SXT) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,121 shares of the specialty chemicals company’s stock after selling 208 shares during the quarter. HighTower Advisors LLC owned approximately 0.07% of Sensient Technologies worth $2,242,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. CWM LLC increased its position in shares of Sensient Technologies by 8.6% in the first quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company’s stock valued at $141,000 after acquiring an additional 150 shares during the period. Xponance Inc. boosted its stake in shares of Sensient Technologies by 5.0% during the 1st quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company’s stock valued at $236,000 after purchasing an additional 152 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Sensient Technologies by 132.6% during the 1st 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. State of Wyoming boosted its stake in shares of Sensient Technologies by 52.9% during the 4th quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company’s stock valued at $136,000 after purchasing an additional 662 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Sensient Technologies during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Trading Up 0.4%

NYSE:SXT opened at $114.7810 on Friday. Sensient Technologies Corporation has a one year low of $66.14 and a one year high of $121.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The company’s 50-day simple moving average is $108.49 and its 200 day simple moving average is $90.74. The firm has a market capitalization of $4.87 billion, a P/E ratio of 36.21 and a beta of 0.58.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The business had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Sensient Technologies’s quarterly revenue was up 2.7% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, analysts forecast that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 4th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $1.64 annualized dividend and a yield of 1.4%. Sensient Technologies’s payout ratio is presently 51.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SXT shares. CJS Securities started coverage on shares of Sensient Technologies in a research note on Tuesday, June 10th. They set a “market perform” rating and a $95.00 target price on the stock. Robert W. Baird lifted their target price on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Sensient Technologies currently has an average rating of “Moderate Buy” and a consensus price target 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.