Northern Trust Corp Sells 10,930 Shares of Sensient Technologies Corporation $SXT

Northern Trust Corp decreased its holdings in Sensient Technologies Corporation (NYSE:SXT) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 558,722 shares of the specialty chemicals company’s stock after selling 10,930 shares during the period. Northern Trust Corp owned about 1.32% of Sensient Technologies worth $41,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Freemont Capital Pte Ltd bought a new stake in Sensient Technologies in the fourth quarter valued at approximately $449,288,000. Janus Henderson Group PLC raised its stake in Sensient Technologies by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 2,257,033 shares of the specialty chemicals company’s stock valued at $160,836,000 after buying an additional 25,230 shares during the period. Congress Asset Management Co. bought a new stake in Sensient Technologies in the first quarter valued at approximately $49,984,000. Nuveen Asset Management LLC raised its stake in Sensient Technologies by 7.6% in the fourth quarter. Nuveen Asset Management LLC now owns 330,383 shares of the specialty chemicals company’s stock valued at $23,543,000 after buying an additional 23,194 shares during the period. Finally, Nuveen LLC bought a new stake in Sensient Technologies in the first quarter valued at approximately $24,434,000. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

NYSE:SXT opened at $114.74 on Friday. The stock has a market cap of $4.87 billion, a P/E ratio of 36.19 and a beta of 0.58. The stock has a 50 day simple moving average of $109.94 and a 200 day simple moving average of $91.67. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61. Sensient Technologies Corporation has a 1-year low of $66.14 and a 1-year high of $121.54.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 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 $414.23 million during the quarter, compared to analysts’ expectations of $417.60 million. During the same period last year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Research analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SXT. CJS Securities began coverage on Sensient Technologies in a research note on Tuesday, June 10th. They issued a “market perform” rating and a $95.00 price objective on the stock. Robert W. Baird upped 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. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Sensient Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

About Sensient Technologies

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.