Exchange Traded Concepts LLC Purchases New Shares in Sensient Technologies Corporation $SXT

Exchange Traded Concepts LLC acquired a new position in Sensient Technologies Corporation (NYSE:SXT) in the third quarter, Holdings Channel reports. The institutional investor acquired 7,154 shares of the specialty chemicals company’s stock, valued at approximately $671,000.

Other large investors have also recently made changes to their positions in the company. Pacific Capital Partners Ltd bought a new position in Sensient Technologies during the second quarter valued at $985,000. Public Employees Retirement System of Ohio boosted 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 period. American Century Companies Inc. grew its holdings in Sensient Technologies by 88.7% during the 1st quarter. American Century Companies Inc. now owns 12,779 shares of the specialty chemicals company’s stock valued at $951,000 after purchasing an additional 6,008 shares during the last quarter. CW Advisors LLC raised its position in 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. Finally, Graham Capital Management L.P. lifted its stake in Sensient Technologies by 52.6% in the first 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 last quarter. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Price Performance

Shares of SXT stock opened at $95.29 on Tuesday. The company has a market capitalization of $4.05 billion, a P/E ratio of 29.14 and a beta of 0.58. The company’s 50-day simple moving average is $94.59 and its two-hundred day simple moving average is $101.61. Sensient Technologies Corporation has a one year low of $66.14 and a one year high of $121.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.59 and a quick ratio of 1.79.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results 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. Sensient Technologies had a return on equity of 12.91% and a net margin of 8.72%.The firm had revenue of $412.11 million during the quarter, compared to analyst estimates of $407.45 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. Sensient Technologies’s quarterly revenue was up 5.0% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, equities analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 10th were paid a dividend of $0.41 per share. The ex-dividend date was Monday, November 10th. This represents a $1.64 annualized dividend and a dividend yield of 1.7%. Sensient Technologies’s dividend payout ratio (DPR) is currently 50.15%.

Analyst Upgrades and Downgrades

SXT has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sensient Technologies in a research note on Monday, December 22nd. Zacks Research upgraded Sensient Technologies to a “hold” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sensient Technologies has an average rating of “Hold” and a consensus target price of $110.00.

Insider Activity at Sensient Technologies

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

Sensient Technologies Profile

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.