Intech Investment Management LLC Acquires 1,519 Shares of Sensient Technologies Corporation $SXT

Intech Investment Management LLC grew its position in Sensient Technologies Corporation (NYSE:SXT) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,206 shares of the specialty chemicals company’s stock after purchasing an additional 1,519 shares during the period. Intech Investment Management LLC owned about 0.06% of Sensient Technologies worth $2,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Sensient Technologies by 132.6% in the first 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 during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Sensient Technologies by 52.5% in the first quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company’s stock valued at $94,000 after purchasing an additional 433 shares during the last quarter. CWM LLC raised its holdings 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 purchasing an additional 150 shares during the last quarter. State of Wyoming raised its holdings in shares of Sensient Technologies by 52.9% in the fourth 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 during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Sensient Technologies in the first quarter valued at about $201,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Price Performance

Shares of NYSE:SXT opened at $101.00 on Wednesday. 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 firm has a market capitalization of $4.29 billion, a PE ratio of 31.86 and a beta of 0.57. Sensient Technologies Corporation has a twelve month low of $66.14 and a twelve month high of $121.54. The company has a 50-day moving average price of $111.94 and a two-hundred day moving average price of $95.27.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The firm had revenue of $414.23 million during the quarter, compared to analyst estimates of $417.60 million. During the same quarter last year, the business earned $0.77 earnings per share. The company’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. Equities analysts forecast that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, August 4th. Sensient Technologies’s dividend payout ratio (DPR) is 51.74%.

Wall Street Analysts Forecast Growth

SXT has been the subject of several analyst reports. CJS Securities began coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They issued a “market perform” rating and a $95.00 target price for the company. Robert W. Baird raised their price objective on shares of Sensient Technologies from $93.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Sensient Technologies currently has an average rating of “Moderate Buy” and an average 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.