Robeco Schweiz AG Cuts Stake in Sensient Technologies Corporation $SXT

Robeco Schweiz AG cut its holdings in Sensient Technologies Corporation (NYSE:SXT) by 16.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,071 shares of the specialty chemicals company’s stock after selling 38,301 shares during the period. Robeco Schweiz AG’s holdings in Sensient Technologies were worth $19,415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in Sensient Technologies during the 1st quarter valued at approximately $24,434,000. Armistice Capital LLC boosted its position in shares of Sensient Technologies by 57.1% during the first quarter. Armistice Capital LLC now owns 549,827 shares of the specialty chemicals company’s stock worth $40,924,000 after acquiring an additional 199,827 shares during the last quarter. Cramer Rosenthal Mcglynn LLC bought a new position in shares of Sensient Technologies during the first quarter worth $11,251,000. Rivermont Capital Management LP purchased a new position in Sensient Technologies during the first quarter valued at $10,087,000. Finally, CW Advisors LLC increased its holdings in Sensient Technologies by 1,439.8% in the 1st quarter. CW Advisors LLC now owns 94,156 shares of the specialty chemicals company’s stock valued at $7,008,000 after acquiring an additional 88,041 shares during the last quarter. 90.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Sensient Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sensient Technologies presently has a consensus rating of “Hold” and a consensus price target of $110.00.

Insider Activity at Sensient Technologies

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

Sensient Technologies Stock Down 0.1%

NYSE SXT opened at $93.10 on Tuesday. The stock has a 50 day moving average price of $98.10 and a 200-day moving average price of $101.46. Sensient Technologies Corporation has a one year low of $66.14 and a one year 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. The company has a market capitalization of $3.95 billion, a P/E ratio of 29.37 and a beta of 0.61.

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

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders 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 1.8%. Sensient Technologies’s dividend payout ratio is currently 50.15%.

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.