Sensient Technologies Corporation $SXT Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 30.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 70,907 shares of the specialty chemicals company’s stock after selling 31,192 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sensient Technologies were worth $6,986,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SXT. Eminence Capital LP acquired a new position in shares of Sensient Technologies in the 2nd quarter worth approximately $99,117,000. Geode Capital Management LLC lifted its stake in Sensient Technologies by 0.9% during the second 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 in the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Sensient Technologies during the second quarter worth $91,280,000. Congress Asset Management Co. boosted its position in shares of Sensient Technologies by 2.3% during the second quarter. Congress Asset Management Co. now owns 686,737 shares of the specialty chemicals company’s stock worth $67,657,000 after buying an additional 15,181 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Sensient Technologies by 4,511.3% in 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 buying an additional 576,493 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research upgraded Sensient Technologies to a “hold” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $110.00.

Sensient Technologies Trading Up 0.4%

SXT opened at $96.95 on Friday. The business has a fifty day moving average price of $94.35 and a 200 day moving average price of $101.49. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.59 and a quick ratio of 1.79. Sensient Technologies Corporation has a 12 month low of $66.14 and a 12 month high of $121.54. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 29.65 and a beta of 0.58.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data 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 return on equity of 12.91% and a net margin of 8.72%.The business had revenue of $412.11 million during the quarter, compared to analysts’ expectations of $407.45 million. During the same quarter last year, the business posted $0.80 EPS. The business’s quarterly 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. Sell-side analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 10th were paid a $0.41 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.64 dividend on an annualized basis and a yield of 1.7%. Sensient Technologies’s payout ratio is currently 50.15%.

Insiders Place Their Bets

In related news, Director Essie Whitelaw sold 3,985 shares of the business’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 owned 17,128 shares in the company, valued at approximately $1,627,502.56. The trade was a 18.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David J. Plautz bought 2,150 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $92.98 per share, for a total transaction of $199,907.00. Following the acquisition, the vice president directly owned 2,999 shares of the company’s stock, valued at $278,847.02. The trade was a 253.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.20% of the stock is currently owned by company insiders.

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.