Y Intercept Hong Kong Ltd Acquires Shares of 58,575 Sensient Technologies Corporation $SXT

Y Intercept Hong Kong Ltd bought a new position in Sensient Technologies Corporation (NYSE:SXT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 58,575 shares of the specialty chemicals company’s stock, valued at approximately $5,497,000. Y Intercept Hong Kong Ltd owned 0.14% of Sensient Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SXT. Royal Bank of Canada lifted its position in Sensient Technologies by 19.3% in the first quarter. Royal Bank of Canada now owns 4,952 shares of the specialty chemicals company’s stock valued at $369,000 after purchasing an additional 802 shares during the period. AQR Capital Management LLC raised its stake in shares of Sensient Technologies by 103.2% during the 1st quarter. AQR Capital Management LLC now owns 8,852 shares of the specialty chemicals company’s stock worth $647,000 after buying an additional 4,496 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sensient Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,091 shares of the specialty chemicals company’s stock valued at $1,868,000 after buying an additional 1,107 shares during the period. Millennium Management LLC boosted its stake in shares of Sensient Technologies by 112.1% in the first quarter. Millennium Management LLC now owns 115,042 shares of the specialty chemicals company’s stock valued at $8,563,000 after buying an additional 60,807 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in Sensient Technologies during the first quarter worth $201,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Insiders Place Their Bets

In related news, VP David J. Plautz purchased 2,150 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average cost of $92.98 per share, with a total value of $199,907.00. Following the completion of the acquisition, the vice president directly owned 2,999 shares in the company, valued at $278,847.02. The trade was a 253.24% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Carleone acquired 1,000 shares of the business’s stock in a transaction dated 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 transaction, 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 disclosure for this purchase is available in the SEC filing. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SXT has been the topic of a number of recent analyst reports. Zacks Research raised shares of Sensient Technologies to a “hold” rating in a research note on Tuesday, December 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $110.00.

Sensient Technologies Trading Down 2.4%

NYSE:SXT opened at $95.94 on Friday. The company has a market capitalization of $4.08 billion, a PE ratio of 29.34 and a beta of 0.59. Sensient Technologies Corporation has a 52-week low of $67.61 and a 52-week high of $121.54. The stock has a fifty day simple moving average of $95.36 and a 200-day simple moving average of $101.04. The company has a quick ratio of 1.79, a current ratio of 4.59 and a debt-to-equity ratio of 0.60.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share 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 during the quarter, compared to the consensus estimate of $407.45 million. During the same period last year, the firm posted $0.80 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, equities research analysts expect 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 will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, February 3rd. Sensient Technologies’s dividend payout ratio is 50.15%.

Sensient Technologies Company Profile

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.