First Trust Advisors LP Sells 179,601 Shares of Sensient Technologies Corporation $SXT

First Trust Advisors LP trimmed its holdings in Sensient Technologies Corporation (NYSE:SXT) by 31.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 396,086 shares of the specialty chemicals company’s stock after selling 179,601 shares during the period. First Trust Advisors LP owned about 0.93% of Sensient Technologies worth $39,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SXT. EverSource Wealth Advisors LLC lifted its holdings in shares of Sensient Technologies by 181.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 475 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 306 shares in the last quarter. CW Advisors LLC raised its holdings in Sensient Technologies by 15.4% during the 2nd quarter. CW Advisors LLC now owns 108,654 shares of the specialty chemicals company’s stock worth $10,705,000 after buying an additional 14,498 shares during the period. M&T Bank Corp lifted its stake in Sensient Technologies by 2.9% in the second quarter. M&T Bank Corp now owns 14,137 shares of the specialty chemicals company’s stock valued at $1,392,000 after buying an additional 392 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Sensient Technologies in the second quarter valued at approximately $227,000. Finally, Icon Advisers Inc. Co. bought a new stake in shares of Sensient Technologies during the second quarter worth $1,527,000. 90.86% of the stock is currently owned by institutional investors.

Insider Activity at Sensient Technologies

In related news, Director Joseph Carleone purchased 1,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average cost of $91.26 per share, for a total transaction of $91,260.00. Following the completion of the purchase, the director directly owned 22,414 shares in the company, valued at $2,045,501.64. This trade represents a 4.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Essie Whitelaw sold 3,985 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $95.02, for a total transaction of $378,654.70. Following the completion of the transaction, the director directly owned 17,128 shares of the company’s stock, valued at $1,627,502.56. This represents a 18.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.20% of the company’s stock.

Sensient Technologies Stock Performance

Shares of SXT opened at $92.56 on Wednesday. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 28.31 and a beta of 0.58. Sensient Technologies Corporation has a 12 month low of $66.14 and a 12 month high of $121.54. The firm has a fifty day simple moving average of $94.05 and a 200 day simple moving average of $101.56. The company has a current ratio of 4.59, a quick ratio of 1.79 and a debt-to-equity ratio of 0.60.

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, beating the consensus estimate of $0.90 by $0.06. Sensient Technologies had a net margin of 8.72% and a return on equity of 12.91%. The firm had revenue of $412.11 million for the quarter, compared to analyst estimates of $407.45 million. During the same period in the previous year, the business earned $0.80 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Research analysts forecast that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 10th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, November 10th. Sensient Technologies’s dividend payout ratio is presently 50.15%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday, December 1st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Sensient Technologies currently has an average rating of “Hold” and a consensus target price of $110.00.

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.