Raymond James Financial Inc. Has $6.79 Million Stock Holdings in Sensient Technologies Corporation $SXT

Raymond James Financial Inc. boosted its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 0.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 91,255 shares of the specialty chemicals company’s stock after buying an additional 282 shares during the period. Raymond James Financial Inc. owned approximately 0.21% of Sensient Technologies worth $6,792,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SXT. GAMMA Investing LLC increased its position in shares of Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 248 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Sensient Technologies by 52.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company’s stock worth $94,000 after purchasing an additional 433 shares during the period. State of Wyoming increased its holdings in Sensient Technologies by 52.9% during the 4th quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company’s stock worth $136,000 after purchasing an additional 662 shares in the last quarter. 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 purchasing an additional 150 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Sensient Technologies in the fourth quarter valued at about $155,000. Institutional investors own 90.86% of the company’s stock.

Analyst Ratings Changes

SXT has been the subject of a number of research reports. CJS Securities initiated coverage on Sensient Technologies in a report on Tuesday, June 10th. They set a “market perform” rating and a $95.00 price objective for the company. Robert W. Baird upped their price target on Sensient Technologies from $93.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Sensient Technologies Stock Performance

Shares of NYSE SXT opened at $112.19 on Wednesday. The stock has a 50 day moving average price of $110.87 and a 200 day moving average price of $92.57. Sensient Technologies Corporation has a 52 week low of $66.14 and a 52 week high of $121.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. The stock has a market capitalization of $4.76 billion, a PE ratio of 35.39 and a beta of 0.57.

Sensient Technologies (NYSE:SXT) last posted 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. The firm had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The business’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 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts predict that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 4th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 4th. Sensient Technologies’s dividend payout ratio is 51.74%.

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.