Sensient Technologies (NYSE:SXT) Trading 13.1% Higher After Earnings Beat

Sensient Technologies Corporation (NYSE:SXT) shares traded up 13.1% on Friday following a better than expected earnings announcement. The company traded as high as $102.60 and last traded at $101.53. 127,430 shares traded hands during trading, a decline of 67% from the average session volume of 391,587 shares. The stock had previously closed at $89.75.

The specialty chemicals company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.06. The business had revenue of $412.11 million for the quarter, compared to analyst estimates of $407.45 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. Sensient Technologies’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS.

Sensient Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 10th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.64 annualized dividend and a yield of 1.7%. Sensient Technologies’s dividend payout ratio is currently 51.74%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Sensient Technologies in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Private Trust Co. NA bought a new position in shares of Sensient Technologies in the second quarter valued at $29,000. GAMMA Investing LLC lifted its stake 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 buying an additional 248 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Sensient Technologies by 181.1% in the second quarter. EverSource Wealth Advisors LLC now owns 475 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 306 shares in the last quarter. Gables Capital Management Inc. bought a new position in shares of Sensient Technologies in the second quarter valued at $59,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Sensient Technologies by 20.8% in the second quarter. Nisa Investment Advisors LLC now owns 899 shares of the specialty chemicals company’s stock valued at $89,000 after buying an additional 155 shares in the last quarter. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Stock Performance

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 fifty day moving average price is $100.58 and its 200 day moving average price is $100.42. The company has a market cap of $4.01 billion, a PE ratio of 29.77 and a beta of 0.56.

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.