Sensient Technologies Corporation $SXT Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its holdings in Sensient Technologies Corporation (NYSE:SXT) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,500 shares of the specialty chemicals company’s stock after purchasing an additional 500 shares during the period. KLP Kapitalforvaltning AS’s holdings in Sensient Technologies were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of SXT. GAMMA Investing LLC lifted its stake in shares of Sensient Technologies by 132.6% in 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 during the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of Sensient Technologies in the 2nd quarter valued at $89,000. Russell Investments Group Ltd. lifted its stake in shares of 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 valued at $94,000 after purchasing an additional 433 shares during the last quarter. Strs Ohio acquired a new position in shares of Sensient Technologies in the 1st quarter valued at $119,000. Finally, CWM LLC lifted 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 last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Wall Street Analysts Forecast Growth

SXT has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sensient Technologies in a research note on Wednesday, October 8th. Robert W. Baird increased their target price on Sensient Technologies from $93.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, July 3rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Sensient Technologies Price Performance

Shares of NYSE SXT opened at $93.41 on Friday. The stock’s 50-day moving average is $105.33 and its two-hundred day moving average is $98.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. Sensient Technologies Corporation has a 1-year low of $66.14 and a 1-year high of $121.54. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 29.47 and a beta of 0.56.

Sensient Technologies (NYSE:SXT) last issued 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 company had revenue of $414.23 million for the quarter, compared to the consensus estimate of $417.60 million. During the same quarter in the prior year, the business earned $0.77 EPS. Sensient Technologies’s 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. Analysts forecast that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 4th were issued a dividend of $0.41 per share. The ex-dividend date was Monday, August 4th. This represents a $1.64 annualized dividend and a yield of 1.8%. 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.