Coldstream Capital Management Inc. Grows Stake in Sensient Technologies Corporation $SXT

Coldstream Capital Management Inc. grew its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 742.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,947 shares of the specialty chemicals company’s stock after purchasing an additional 2,597 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Sensient Technologies were worth $290,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pacific Capital Partners Ltd acquired a new position in Sensient Technologies during the 2nd quarter valued at about $985,000. Public Employees Retirement System of Ohio grew its stake in shares of Sensient Technologies by 3,508.8% during the second quarter. Public Employees Retirement System of Ohio now owns 27,066 shares of the specialty chemicals company’s stock worth $2,667,000 after acquiring an additional 26,316 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Sensient Technologies by 88.7% during the first quarter. American Century Companies Inc. now owns 12,779 shares of the specialty chemicals company’s stock valued at $951,000 after acquiring an additional 6,008 shares in the last quarter. Graham Capital Management L.P. increased its holdings in shares of Sensient Technologies by 52.6% during the first quarter. Graham Capital Management L.P. now owns 17,798 shares of the specialty chemicals company’s stock valued at $1,325,000 after acquiring an additional 6,135 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Sensient Technologies by 38,785.2% in the 2nd quarter. Allworth Financial LP now owns 20,998 shares of the specialty chemicals company’s stock valued at $2,069,000 after purchasing an additional 20,944 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Sensient Technologies Trading Down 0.2%

Sensient Technologies stock opened at $97.49 on Friday. The stock has a 50-day moving average price of $94.60 and a 200 day moving average price of $101.48. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 30.75 and a beta of 0.61. Sensient Technologies Corporation has a 52 week low of $66.14 and a 52 week high of $121.54. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share (EPS) for the quarter, topping 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 company had revenue of $412.11 million during the quarter, compared to analyst estimates of $407.45 million. During the same period last year, the firm posted $0.80 EPS. Sensient Technologies’s revenue for the quarter 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. Sell-side analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Announces Dividend

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

Insider Buying and Selling at Sensient Technologies

In related news, Director Joseph Carleone bought 1,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were purchased at an average price of $91.26 per share, for a total transaction of $91,260.00. Following the completion of the purchase, the director directly owned 22,414 shares of the company’s stock, valued at $2,045,501.64. This represents a 4.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David J. Plautz bought 2,150 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average cost of $92.98 per share, for a total transaction of $199,907.00. Following the completion of the acquisition, the vice president owned 2,999 shares of the company’s stock, valued at $278,847.02. This trade represents a 253.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Sensient Technologies in a research note on Tuesday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently 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.