Waratah Capital Advisors Ltd. Boosts Stake in Sensient Technologies Corporation $SXT

Waratah Capital Advisors Ltd. increased its position in Sensient Technologies Corporation (NYSE:SXT) by 295.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 186,447 shares of the specialty chemicals company’s stock after purchasing an additional 139,302 shares during the period. Sensient Technologies accounts for about 0.5% of Waratah Capital Advisors Ltd.’s holdings, making the stock its 29th biggest holding. Waratah Capital Advisors Ltd.’s holdings in Sensient Technologies were worth $18,369,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Sensient Technologies by 248.1% in the first quarter. Envestnet Asset Management Inc. now owns 24,073 shares of the specialty chemicals company’s stock valued at $1,792,000 after acquiring an additional 17,157 shares during the period. Xponance Inc. grew its holdings in shares of Sensient Technologies by 5.0% during the first quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company’s stock worth $236,000 after buying an additional 152 shares during the last quarter. CWM LLC increased its position in Sensient Technologies by 8.6% in the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company’s stock valued at $141,000 after acquiring an additional 150 shares during the period. Victory Capital Management Inc. lifted its position in Sensient Technologies by 4.4% during the 1st quarter. Victory Capital Management Inc. now owns 141,591 shares of the specialty chemicals company’s stock worth $10,539,000 after acquiring an additional 6,025 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Sensient Technologies in the first quarter valued at approximately $490,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Insider Transactions at Sensient Technologies

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sensient Technologies in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $110.00.

Sensient Technologies Stock Down 1.5%

Sensient Technologies stock opened at $93.81 on Friday. The stock’s 50 day moving average price is $96.65 and its 200 day moving average price is $101.47. Sensient Technologies Corporation has a 1-year low of $66.14 and a 1-year high of $121.54. The company has a market cap of $3.99 billion, a PE ratio of 29.59 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The company had revenue of $412.11 million during the quarter, compared to the consensus estimate of $407.45 million. During the same quarter last year, the company earned $0.80 earnings per share. Sensient Technologies’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. On average, sell-side analysts predict that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 10th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, November 10th. Sensient Technologies’s dividend payout ratio is presently 50.15%.

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.