Meyer Handelman Co. Sells 500 Shares of Sensient Technologies Corporation $SXT

Meyer Handelman Co. reduced its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,690 shares of the specialty chemicals company’s stock after selling 500 shares during the quarter. Meyer Handelman Co.’s holdings in Sensient Technologies were worth $1,940,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. GAMMA Investing LLC raised its stake in Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 248 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Sensient Technologies by 52.5% in the 1st quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company’s stock valued at $94,000 after purchasing an additional 433 shares in the last quarter. Strs Ohio bought a new stake in shares of Sensient Technologies during the 1st quarter valued at approximately $119,000. CWM LLC increased its position in Sensient Technologies by 8.6% during the 1st quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company’s stock worth $141,000 after purchasing an additional 150 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in Sensient Technologies during the 1st quarter worth approximately $201,000. 90.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on SXT shares. Robert W. Baird boosted their target price on shares of Sensient Technologies from $93.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, July 3rd. CJS Securities began coverage on Sensient Technologies in a research report on Tuesday, June 10th. They set a “market perform” rating and a $95.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.00.

Sensient Technologies Price Performance

Shares of SXT opened at $96.82 on Friday. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 30.54 and a beta of 0.57. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The business has a 50-day moving average of $110.77 and a 200-day moving average of $96.54.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The company had revenue of $414.23 million during the quarter, compared to analysts’ expectations of $417.60 million. During the same period in the prior year, the company posted $0.77 earnings per share. Sensient Technologies’s revenue for the quarter was up 2.7% 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 research analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.64 annualized dividend and a dividend yield of 1.7%. Sensient Technologies’s dividend payout ratio (DPR) is 51.74%.

Sensient Technologies Company 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.