US Bancorp DE Acquires 573 Shares of Sensient Technologies Corporation $SXT

US Bancorp DE lifted its holdings in Sensient Technologies Corporation (NYSE:SXT) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,928 shares of the specialty chemicals company’s stock after buying an additional 573 shares during the period. US Bancorp DE’s holdings in Sensient Technologies were worth $683,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Congress Asset Management Co. increased its holdings in shares of Sensient Technologies by 2.3% in the 2nd quarter. Congress Asset Management Co. now owns 686,737 shares of the specialty chemicals company’s stock worth $67,657,000 after buying an additional 15,181 shares during the last quarter. Armistice Capital LLC boosted its stake in shares of Sensient Technologies by 57.1% during the 1st quarter. Armistice Capital LLC now owns 549,827 shares of the specialty chemicals company’s stock worth $40,924,000 after purchasing an additional 199,827 shares during the period. Nuveen LLC purchased a new position in shares of Sensient Technologies during the 1st quarter worth about $24,434,000. Gamco Investors INC. ET AL boosted its stake in shares of Sensient Technologies by 0.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 315,561 shares of the specialty chemicals company’s stock worth $23,487,000 after purchasing an additional 2,299 shares during the period. Finally, Robeco Schweiz AG boosted its stake in shares of Sensient Technologies by 48.7% during the 1st quarter. Robeco Schweiz AG now owns 235,372 shares of the specialty chemicals company’s stock worth $17,519,000 after purchasing an additional 77,043 shares during the period. 90.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Sensient Technologies Price Performance

Sensient Technologies stock opened at $95.52 on Monday. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 30.13 and a beta of 0.56. 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 Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The firm has a 50-day moving average of $104.91 and a two-hundred day moving average of $99.08.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $414.23 million during the quarter, compared to analysts’ expectations of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, research analysts forecast that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

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

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.