Sensient Technologies Corporation $SXT Stock Holdings Cut by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its position in shares of Sensient Technologies Corporation (NYSE:SXT) by 3.8% in the first quarter, HoldingsChannel.com reports. The firm owned 60,916 shares of the specialty chemicals company’s stock after selling 2,398 shares during the period. Great Lakes Advisors LLC’s holdings in Sensient Technologies were worth $4,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SXT. CWM LLC boosted its stake in shares of Sensient Technologies by 8.6% during the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company’s stock worth $141,000 after acquiring an additional 150 shares in the last quarter. Xponance Inc. boosted its stake in shares of Sensient Technologies by 5.0% during the 1st quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company’s stock worth $236,000 after acquiring an additional 152 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Sensient Technologies by 132.6% during the 1st quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 248 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Sensient Technologies by 0.3% during the 1st quarter. Raymond James Financial Inc. now owns 91,255 shares of the specialty chemicals company’s stock worth $6,792,000 after acquiring an additional 282 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Sensient Technologies by 52.5% during the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company’s stock worth $94,000 after acquiring an additional 433 shares in the last quarter. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Price Performance

Shares of NYSE:SXT opened at $111.21 on Wednesday. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The business has a fifty day simple moving average of $112.17 and a 200 day simple moving average of $94.04. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 35.08 and a beta of 0.57.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The business had revenue of $414.23 million during the quarter, compared to analyst estimates of $417.60 million. During the same period last year, the company earned $0.77 earnings per share. Sensient Technologies’s quarterly revenue was up 2.7% compared to the same quarter last year. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, sell-side analysts predict that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 4th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, August 4th. Sensient Technologies’s dividend payout ratio (DPR) is 51.74%.

Wall Street Analysts Forecast Growth

SXT has been the subject of several research reports. CJS Securities began coverage on Sensient Technologies in a research note on Tuesday, June 10th. They set a “market perform” rating and a $95.00 price objective for the company. Robert W. Baird raised their target price on Sensient Technologies from $93.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

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.