Allworth Financial LP Acquires 20,944 Shares of Sensient Technologies Corporation $SXT

Allworth Financial LP increased its holdings in Sensient Technologies Corporation (NYSE:SXT) by 38,785.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,998 shares of the specialty chemicals company’s stock after purchasing an additional 20,944 shares during the period. Allworth Financial LP’s holdings in Sensient Technologies were worth $2,069,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA purchased a new position in shares of Sensient Technologies in the second quarter worth $29,000. Gables Capital Management Inc. bought a new stake in Sensient Technologies in the 2nd quarter valued at $59,000. GAMMA Investing LLC lifted its stake in Sensient Technologies by 69.2% in the 2nd quarter. GAMMA Investing LLC now owns 736 shares of the specialty chemicals company’s stock worth $73,000 after purchasing an additional 301 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Sensient Technologies during the 2nd quarter valued at about $89,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Sensient Technologies by 20.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 899 shares of the specialty chemicals company’s stock valued at $89,000 after purchasing an additional 155 shares during the last quarter. 90.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Sensient Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Sensient Technologies has an average rating of “Hold” and an average price target of $110.00.

Sensient Technologies Price Performance

Shares of Sensient Technologies stock opened at $94.79 on Thursday. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 29.90 and a beta of 0.61. 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 50 day moving average price of $97.38 and a 200-day moving average price of $101.44. Sensient Technologies Corporation has a one year low of $66.14 and a one year high of $121.54.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $412.11 million during the quarter, compared to the consensus estimate of $407.45 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.Sensient Technologies’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Equities analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.7%. Sensient Technologies’s payout ratio is currently 50.15%.

Insider Activity

In other news, VP David J. Plautz acquired 2,150 shares of Sensient Technologies stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average cost of $92.98 per share, with a total value of $199,907.00. Following the transaction, the vice president directly owned 2,999 shares of the company’s stock, valued at $278,847.02. This trade represents a 253.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Carleone bought 1,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $91.26 per share, with a total value of $91,260.00. Following the transaction, the director directly owned 22,414 shares of the company’s stock, valued at approximately $2,045,501.64. This trade represents a 4.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.20% of the company’s stock.

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.