Intech Investment Management LLC Purchases 5,721 Shares of Sensient Technologies Corporation $SXT

Intech Investment Management LLC grew its holdings in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 21.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,927 shares of the specialty chemicals company's stock after purchasing an additional 5,721 shares during the quarter. Intech Investment Management LLC owned approximately 0.08% of Sensient Technologies worth $3,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Private Trust Co. NA purchased a new stake in Sensient Technologies in the 2nd quarter worth $29,000. Gables Capital Management Inc. purchased a new position in shares of Sensient Technologies in the 2nd quarter valued at $59,000. GAMMA Investing LLC increased its position in shares of Sensient Technologies by 69.2% during the second quarter. GAMMA Investing LLC now owns 736 shares of the specialty chemicals company's stock worth $73,000 after purchasing an additional 301 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in Sensient Technologies in the 2nd quarter worth approximately $89,000. Finally, Nisa Investment Advisors LLC grew its stake in Sensient Technologies by 20.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 899 shares of the specialty chemicals company's stock valued at $89,000 after purchasing an additional 155 shares during the last quarter. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Stock Up 0.7%

Shares of NYSE:SXT opened at $93.38 on Wednesday. The business has a 50-day moving average price of $95.88 and a 200 day moving average price of $101.52. Sensient Technologies Corporation has a 12-month low of $66.14 and a 12-month high of $121.54. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 29.46 and a beta of 0.61.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings results 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 8.56% and a return on equity of 12.56%. The business had revenue of $412.11 million during the quarter, compared to analysts' expectations of $407.45 million. During the same period last year, the business earned $0.80 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Sell-side analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.64 annualized dividend and a dividend yield of 1.8%. Sensient Technologies's dividend payout ratio (DPR) is presently 50.15%.

Insider Buying and Selling

In related news, VP David J. Plautz acquired 2,150 shares of the business's stock in a transaction dated 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 completion of the transaction, the vice president owned 2,999 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Also, Director Joseph Carleone bought 1,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average cost of $91.26 per share, with a total value of $91,260.00. Following the completion of the purchase, the director directly owned 22,414 shares in the company, valued at $2,045,501.64. This represents a 4.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sensient Technologies in a report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $110.00.

Read Our Latest Research Report on SXT

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.

Featured Articles

• Five stocks we like better than Sensient Technologies
• How to Invest in Insurance Companies: A Guide
• What’s on the Thanksgiving Table? A Stock Pick for Every Course
• How to Calculate Return on Investment (ROI)
• Why Home Depot’s Pain Could Be a Long-Term Investor’s Gain
• Large Cap Stock Definition and How to Invest
• Qualcomm’s Bulls Are Running Out of Room to Be Wrong

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Sensient Technologies Right Now?

Before you consider Sensient Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sensient Technologies wasn't on the list.

While Sensient Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here