Oppenheimer Asset Management Inc. Boosts Holdings in Sensient Technologies Corporation $SXT

Oppenheimer Asset Management Inc. lifted its stake in Sensient Technologies Corporation (NYSE:SXT) by 75.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,282 shares of the specialty chemicals company’s stock after purchasing an additional 2,271 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Sensient Technologies were worth $520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA purchased a new stake in Sensient Technologies in the second quarter worth about $29,000. 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 period. Gables Capital Management Inc. purchased a new position in shares of Sensient Technologies in the 2nd quarter valued at approximately $59,000. ST Germain D J Co. Inc. purchased a new position in shares of Sensient Technologies in the 2nd quarter valued at approximately $89,000. Finally, 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 period. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Sensient Technologies Price Performance

SXT stock opened at $94.37 on Friday. The firm has a 50 day moving average price of $100.58 and a 200-day moving average price of $100.60. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 29.77 and a beta of 0.56. 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.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, October 31st. 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 during the quarter, compared to analysts’ expectations of $407.45 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Equities research analysts forecast that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 10th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, November 10th. Sensient Technologies’s payout ratio is presently 51.74%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Sensient Technologies in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average 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.