Thornburg Investment Management Inc. Trims Stock Position in Sensient Technologies Corporation $SXT

by · The Cerbat Gem

Thornburg Investment Management Inc. decreased its holdings in Sensient Technologies Corporation (NYSE:SXT – Free Report) by 7.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,286 shares of the specialty chemicals company’s stock after selling 12,207 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Sensient Technologies were worth $14,215,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Westwood Holdings Group Inc. purchased a new stake in shares of Sensient Technologies during the 2nd quarter valued at $91,280,000. American Century Companies Inc. lifted its stake in shares of Sensient Technologies by 4,511.3% in the 2nd quarter. American Century Companies Inc. now owns 589,272 shares of the specialty chemicals company’s stock valued at $58,055,000 after purchasing an additional 576,493 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Sensient Technologies during the 1st quarter worth about $24,434,000. Armistice Capital LLC raised its holdings in Sensient Technologies by 57.1% in the first quarter. Armistice Capital LLC now owns 549,827 shares of the specialty chemicals company’s stock valued at $40,924,000 after buying an additional 199,827 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC acquired a new position in Sensient Technologies during the first quarter valued at approximately $11,251,000. 90.86% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Trading Up 1.0%

Shares of NYSE SXT opened at $97.24 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average price is $94.88 and its two-hundred day moving average price is $101.52. Sensient Technologies Corporation has a 52-week low of $66.14 and a 52-week high of $121.54. The stock has a market capitalization of $4.13 billion, a P/E ratio of 30.67 and a beta of 0.61.

Sensient Technologies (NYSE:SXT – Get Free Report) last announced its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The firm had revenue of $412.11 million for the quarter, compared to analysts’ expectations of $407.45 million. During the same period last year, the business posted $0.80 earnings per share. The firm’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. On average, analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 10th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, November 10th. Sensient Technologies’s payout ratio is presently 50.15%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sensient Technologies in a research report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Sensient Technologies has an average rating of “Hold” and a consensus target price of $110.00.

Read Our Latest Report on Sensient Technologies

Insider Buying and Selling

In related news, Director Joseph Carleone purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $91.26 per share, with a total value of $91,260.00. Following the acquisition, the director 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David J. Plautz acquired 2,150 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average price of $92.98 per share, with a total value of $199,907.00. Following the completion of the purchase, 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 SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by corporate insiders.

Sensient Technologies Company Profile

(Free Report)

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.

Further Reading

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