XTX Topco Ltd Sells 12,409 Shares of Sensient Technologies Corporation $SXT

XTX Topco Ltd decreased its stake in Sensient Technologies Corporation (NYSE:SXT) by 71.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,929 shares of the specialty chemicals company’s stock after selling 12,409 shares during the period. XTX Topco Ltd’s holdings in Sensient Technologies were worth $486,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SXT. Prudential Financial Inc. grew its position in Sensient Technologies by 6.1% in the 2nd quarter. Prudential Financial Inc. now owns 43,974 shares of the specialty chemicals company’s stock worth $4,332,000 after purchasing an additional 2,547 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Sensient Technologies by 742.0% in the second quarter. Coldstream Capital Management Inc. now owns 2,947 shares of the specialty chemicals company’s stock valued at $290,000 after buying an additional 2,597 shares during the period. American Century Companies Inc. grew its position in Sensient Technologies by 4,511.3% during the second quarter. American Century Companies Inc. now owns 589,272 shares of the specialty chemicals company’s stock worth $58,055,000 after buying an additional 576,493 shares in the last quarter. Rhumbline Advisers grew its position in Sensient Technologies by 4.2% during the second quarter. Rhumbline Advisers now owns 125,082 shares of the specialty chemicals company’s stock worth $12,323,000 after buying an additional 5,052 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Sensient Technologies by 137.1% during the second quarter. Franklin Resources Inc. now owns 18,241 shares of the specialty chemicals company’s stock valued at $1,797,000 after acquiring an additional 10,546 shares during the period. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Trading Up 1.9%

SXT stock opened at $94.42 on Friday. Sensient Technologies Corporation has a 1-year low of $66.14 and a 1-year high of $121.54. The firm has a market cap of $4.01 billion, a P/E ratio of 28.88 and a beta of 0.58. The business’s 50 day moving average is $94.19 and its 200-day moving average is $101.51. The company has a current ratio of 4.59, a quick ratio of 1.79 and a debt-to-equity ratio of 0.60.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.90 by $0.06. Sensient Technologies had a return on equity of 12.91% and a net margin of 8.72%.The business had revenue of $412.11 million during the quarter, compared to the consensus estimate of $407.45 million. During the same quarter last year, the company earned $0.80 EPS. Sensient Technologies’s 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. Equities analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

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

Insider Buying and Selling

In other Sensient Technologies news, Director Joseph Carleone bought 1,000 shares of Sensient Technologies stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of $91.26 per share, with a total value of $91,260.00. Following the acquisition, the director directly owned 22,414 shares of the company’s stock, valued at $2,045,501.64. The trade was a 4.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David J. Plautz purchased 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, for a total transaction of $199,907.00. Following the completion of the transaction, the vice president 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 disclosure for this purchase is available in the SEC filing. 1.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $110.00.

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.