Y Intercept Hong Kong Ltd Takes Position in Sensient Technologies Corporation $SXT

Y Intercept Hong Kong Ltd acquired a new position in shares of Sensient Technologies Corporation (NYSE:SXT) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 58,575 shares of the specialty chemicals company’s stock, valued at approximately $5,497,000.

A number of other institutional investors have also recently bought and sold shares of SXT. Public Employees Retirement System of Ohio grew its position in Sensient Technologies by 3,508.8% during the second quarter. Public Employees Retirement System of Ohio now owns 27,066 shares of the specialty chemicals company’s stock valued at $2,667,000 after acquiring an additional 26,316 shares during the period. CW Advisors LLC raised its holdings in shares of Sensient Technologies by 15.4% in the 2nd quarter. CW Advisors LLC now owns 108,654 shares of the specialty chemicals company’s stock worth $10,705,000 after purchasing an additional 14,498 shares during the period. Allworth Financial LP lifted its stake in shares of Sensient Technologies by 38,785.2% in the 2nd quarter. Allworth Financial LP now owns 20,998 shares of the specialty chemicals company’s stock valued at $2,069,000 after purchasing an additional 20,944 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Sensient Technologies during the 3rd quarter worth approximately $671,000. Finally, Creative Planning raised its holdings in Sensient Technologies by 45.1% in the second quarter. Creative Planning now owns 30,044 shares of the specialty chemicals company’s stock valued at $2,960,000 after buying an additional 9,335 shares during the period. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Sensient Technologies Stock Performance

NYSE:SXT opened at $95.94 on Friday. The firm has a 50-day moving average of $95.36 and a two-hundred day moving average of $101.04. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.59 and a quick ratio of 1.79. The stock has a market cap of $4.08 billion, a P/E ratio of 29.34 and a beta of 0.59. Sensient Technologies Corporation has a 1-year low of $67.61 and a 1-year high of $121.54.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $407.45 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The company’s 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, research 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 will be paid on Monday, March 2nd. Investors of record on Tuesday, February 3rd will be paid a $0.41 dividend. 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 (DPR) is 50.15%.

Analysts Set New Price Targets

Several research firms have issued reports on SXT. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sensient Technologies in a research note on Monday, December 29th. Zacks Research raised shares of Sensient Technologies to a “hold” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $110.00.

Insider Activity at Sensient Technologies

In other news, VP David J. Plautz acquired 2,150 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of $92.98 per share, for a total transaction of $199,907.00. Following the completion of the purchase, the vice president directly owned 2,999 shares of the company’s stock, valued at $278,847.02. This represents a 253.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Essie Whitelaw sold 3,985 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $95.02, for a total value of $378,654.70. Following the transaction, the director directly owned 17,128 shares in the company, valued at approximately $1,627,502.56. This represents a 18.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is owned by corporate insiders.

About Sensient Technologies

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.