Voss Capital LP Invests $2.46 Million in Sensient Technologies Corporation $SXT

Voss Capital LP purchased a new position in Sensient Technologies Corporation (NYSE:SXT) during the second quarter, Holdings Channel reports. The fund purchased 25,000 shares of the specialty chemicals company’s stock, valued at approximately $2,463,000.

Other institutional investors also recently added to or reduced their stakes in the company. Pacific Capital Partners Ltd purchased a new position in Sensient Technologies in the second quarter valued at about $985,000. Public Employees Retirement System of Ohio increased its stake in shares of Sensient Technologies by 3,508.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 27,066 shares of the specialty chemicals company’s stock worth $2,667,000 after purchasing an additional 26,316 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Sensient Technologies by 88.7% in the 1st quarter. American Century Companies Inc. now owns 12,779 shares of the specialty chemicals company’s stock worth $951,000 after purchasing an additional 6,008 shares during the period. Graham Capital Management L.P. raised its holdings in shares of Sensient Technologies by 52.6% in the 1st quarter. Graham Capital Management L.P. now owns 17,798 shares of the specialty chemicals company’s stock worth $1,325,000 after purchasing an additional 6,135 shares during the period. Finally, CW Advisors LLC lifted its stake in Sensient Technologies by 15.4% in the second quarter. CW Advisors LLC now owns 108,654 shares of the specialty chemicals company’s stock valued at $10,705,000 after purchasing an additional 14,498 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

NYSE SXT opened at $92.29 on Monday. The firm has a market cap of $3.92 billion, a P/E ratio of 28.22 and a beta of 0.58. The company has a quick ratio of 1.79, a current ratio of 4.59 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $94.13 and its 200-day moving average is $101.59. Sensient Technologies Corporation has a 12-month low of $66.14 and a 12-month high of $121.54.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. Sensient Technologies had a net margin of 8.72% and a return on equity of 12.91%. The business had revenue of $412.11 million during the quarter, compared to analyst estimates of $407.45 million. During the same period in the previous year, the business earned $0.80 EPS. Sensient Technologies’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. Sell-side analysts predict 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 Monday, December 1st. Investors of record on Monday, November 10th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, November 10th. Sensient Technologies’s payout ratio is presently 50.15%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Sensient Technologies presently has a consensus rating of “Hold” and a consensus price target of $110.00.

Insider Buying and Selling

In related news, Director Joseph Carleone bought 1,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $91.26 per share, for a total transaction of $91,260.00. Following the purchase, the director directly owned 22,414 shares in the company, valued at $2,045,501.64. This trade represents a 4.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David J. Plautz bought 2,150 shares of Sensient Technologies stock in a transaction on Tuesday, November 4th. The shares were bought at an average cost of $92.98 per share, with a total value of $199,907.00. Following the acquisition, the vice president directly owned 2,999 shares in the company, valued at approximately $278,847.02. This represents a 253.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by insiders.

Sensient Technologies 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.