Exchange Traded Concepts LLC Invests $671,000 in Sensient Technologies Corporation $SXT

Exchange Traded Concepts LLC bought a new stake in shares of Sensient Technologies Corporation (NYSE:SXT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,154 shares of the specialty chemicals company’s stock, valued at approximately $671,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SXT. Eminence Capital LP purchased a new position in shares of Sensient Technologies during the 2nd quarter worth $99,117,000. Geode Capital Management LLC raised its holdings in Sensient Technologies by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,000,613 shares of the specialty chemicals company’s stock worth $98,593,000 after purchasing an additional 9,211 shares during the period. Westwood Holdings Group Inc. purchased a new position in Sensient Technologies during the second quarter valued at $91,280,000. Congress Asset Management Co. grew its holdings in Sensient Technologies by 4.4% during the third quarter. Congress Asset Management Co. now owns 716,638 shares of the specialty chemicals company’s stock valued at $67,257,000 after purchasing an additional 29,901 shares during the period. Finally, American Century Companies Inc. grew its holdings in Sensient Technologies by 4,511.3% during the second quarter. American Century Companies Inc. now owns 589,272 shares of the specialty chemicals company’s stock valued at $58,055,000 after purchasing an additional 576,493 shares during the period. 90.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sensient Technologies news, Director Essie Whitelaw sold 3,985 shares of the stock in a transaction dated 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 owned 17,128 shares of the company’s stock, valued at $1,627,502.56. This represents a 18.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David J. Plautz bought 2,150 shares of Sensient Technologies stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average cost of $92.98 per share, for a total transaction of $199,907.00. Following the completion of the acquisition, the vice president directly owned 2,999 shares of the company’s stock, valued at approximately $278,847.02. The trade was a 253.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

Sensient Technologies Stock Performance

NYSE:SXT opened at $95.29 on Tuesday. The stock has a 50-day moving average price of $94.59 and a 200 day moving average price of $101.61. The stock has a market capitalization of $4.05 billion, a P/E ratio of 29.14 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 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 posted its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share 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 the consensus estimate of $407.45 million. Sensient Technologies had a return on equity of 12.91% and a net margin of 8.72%.The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. 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 business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 10th were 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 was Monday, November 10th. Sensient Technologies’s payout ratio is currently 50.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SXT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sensient Technologies in a research note on Monday, December 22nd. Zacks Research raised shares of Sensient Technologies to a “hold” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Sensient Technologies currently has a consensus rating of “Hold” and an average target price of $110.00.

About Sensient Technologies

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.