Rhumbline Advisers Buys 5,052 Shares of Sensient Technologies Corporation $SXT

Rhumbline Advisers boosted its stake in Sensient Technologies Corporation (NYSE:SXT) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,082 shares of the specialty chemicals company’s stock after acquiring an additional 5,052 shares during the period. Rhumbline Advisers’ holdings in Sensient Technologies were worth $12,323,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. purchased a new stake in shares of Sensient Technologies during the 2nd quarter worth approximately $91,280,000. Nuveen LLC bought a new position in Sensient Technologies during the first quarter valued at $24,434,000. Armistice Capital LLC increased its position in Sensient Technologies by 57.1% in the first quarter. Armistice Capital LLC now owns 549,827 shares of the specialty chemicals company’s stock worth $40,924,000 after buying an additional 199,827 shares during the last quarter. Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Sensient Technologies in the first quarter valued at $11,251,000. Finally, Waratah Capital Advisors Ltd. raised its stake in shares of Sensient Technologies by 295.5% in the second quarter. Waratah Capital Advisors Ltd. now owns 186,447 shares of the specialty chemicals company’s stock valued at $18,369,000 after buying an additional 139,302 shares during the period. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sensient Technologies in a research note on Tuesday, November 25th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $110.00.

Insider Activity at Sensient Technologies

In other news, VP David J. Plautz bought 2,150 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $92.98 per share, with a total value of $199,907.00. Following the acquisition, the vice president owned 2,999 shares of the company’s stock, valued at approximately $278,847.02. The trade was a 253.24% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph Carleone bought 1,000 shares of the stock in a transaction 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 completion of the purchase, the director directly owned 22,414 shares in the company, valued at approximately $2,045,501.64. This represents a 4.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.20% of the stock is currently owned by insiders.

Sensient Technologies Trading Down 0.2%

NYSE:SXT opened at $97.49 on Monday. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The stock’s fifty day moving average price is $94.60 and its two-hundred day moving average price is $101.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The company has a market cap of $4.14 billion, a P/E ratio of 30.75 and a beta of 0.61.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $412.11 million for the quarter, compared to analyst estimates of $407.45 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be given 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 is Monday, November 10th. Sensient Technologies’s dividend payout ratio (DPR) is 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.