SG Americas Securities LLC Has $1.16 Million Stock Holdings in Sensient Technologies Corporation $SXT

SG Americas Securities LLC increased its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 366.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,369 shares of the specialty chemicals company’s stock after purchasing an additional 9,717 shares during the period. SG Americas Securities LLC’s holdings in Sensient Technologies were worth $1,161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SXT. Royal Bank of Canada grew its position in shares of Sensient Technologies by 19.3% during the 1st quarter. Royal Bank of Canada now owns 4,952 shares of the specialty chemicals company’s stock worth $369,000 after buying an additional 802 shares during the period. AQR Capital Management LLC boosted its position in shares of Sensient Technologies by 103.2% during the 1st quarter. AQR Capital Management LLC now owns 8,852 shares of the specialty chemicals company’s stock worth $647,000 after purchasing an additional 4,496 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sensient Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,091 shares of the specialty chemicals company’s stock valued at $1,868,000 after buying an additional 1,107 shares during the period. Millennium Management LLC boosted its holdings in Sensient Technologies by 112.1% in the first quarter. Millennium Management LLC now owns 115,042 shares of the specialty chemicals company’s stock worth $8,563,000 after acquiring an additional 60,807 shares in the last quarter. Finally, United Services Automobile Association bought a new position in Sensient Technologies in the first quarter worth approximately $201,000. 90.86% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Essie Whitelaw sold 3,985 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $95.02, for a total transaction of $378,654.70. Following the transaction, the director owned 17,128 shares of the company’s stock, valued at $1,627,502.56. This represents a 18.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David J. Plautz acquired 2,150 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average cost of $92.98 per share, with a total value of $199,907.00. Following the acquisition, the vice president owned 2,999 shares in the company, valued at $278,847.02. The trade was a 253.24% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.20% of the company’s stock.

Sensient Technologies Stock Up 0.0%

SXT opened at $97.35 on Friday. Sensient Technologies Corporation has a twelve month low of $67.61 and a twelve month high of $121.54. The company’s 50-day moving average price is $95.11 and its two-hundred day moving average price is $101.40. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 29.77 and a beta of 0.59. The company has a quick ratio of 1.79, a current ratio of 4.59 and a debt-to-equity ratio of 0.60.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results 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 net margin of 8.72% and a return on equity of 12.91%. The company had revenue of $412.11 million during the quarter, compared to analyst estimates of $407.45 million. During the same quarter last year, the business posted $0.80 EPS. Sensient Technologies’s quarterly 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. As a group, equities analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 10th were paid a $0.41 dividend. 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 payout ratio is presently 50.15%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SXT. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sensient Technologies in a report on Monday, December 29th. Zacks Research raised shares of Sensient Technologies to a “hold” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $110.00.

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.