3,348 Shares in Sensient Technologies Corporation $SXT Purchased by Sentry Investment Management LLC

Sentry Investment Management LLC acquired a new position in Sensient Technologies Corporation (NYSE:SXT) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 3,348 shares of the specialty chemicals company’s stock, valued at approximately $363,000.

Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA purchased a new stake in Sensient Technologies in the 2nd quarter worth about $29,000. GAMMA Investing LLC lifted its stake in Sensient Technologies by 132.6% in 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. ST Germain D J Co. Inc. purchased a new stake in shares of Sensient Technologies during the 2nd quarter worth about $89,000. Russell Investments Group Ltd. raised 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 purchasing an additional 433 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Sensient Technologies during the 1st quarter worth about $119,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Stock Up 2.1%

Shares of SXT stock opened at $95.52 on Monday. The stock’s 50 day simple moving average is $104.91 and its 200 day simple moving average is $99.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. Sensient Technologies Corporation has a twelve month low of $66.14 and a twelve month high of $121.54. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 30.13 and a beta of 0.56.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $417.60 million. During the same period last year, the business earned $0.77 EPS. The firm’s 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, research analysts predict that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 4th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 4th. Sensient Technologies’s dividend payout ratio (DPR) is presently 51.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SXT shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sensient Technologies in a research note on Wednesday, October 8th. Robert W. Baird raised their price target on Sensient Technologies from $93.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, July 3rd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.00.

Sensient Technologies Company Profile

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.