Voss Capital LP Purchases Shares of 25,000 Sensient Technologies Corporation $SXT

Voss Capital LP acquired a new stake in shares of Sensient Technologies Corporation (NYSE:SXT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the specialty chemicals company’s stock, valued at approximately $2,463,000. Voss Capital LP owned 0.06% of Sensient Technologies at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Sensient Technologies by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,000,613 shares of the specialty chemicals company’s stock valued at $98,593,000 after buying an additional 9,211 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in Sensient Technologies in the second quarter worth approximately $91,280,000. Congress Asset Management Co. grew its stake in Sensient Technologies by 2.3% in the second quarter. Congress Asset Management Co. now owns 686,737 shares of the specialty chemicals company’s stock valued at $67,657,000 after acquiring an additional 15,181 shares during the period. American Century Companies Inc. grew its stake in Sensient Technologies by 4,511.3% in the second quarter. American Century Companies Inc. now owns 589,272 shares of the specialty chemicals company’s stock valued at $58,055,000 after acquiring an additional 576,493 shares during the period. Finally, Armistice Capital LLC increased its holdings in shares of Sensient Technologies by 57.1% during the first quarter. Armistice Capital LLC now owns 549,827 shares of the specialty chemicals company’s stock valued at $40,924,000 after acquiring an additional 199,827 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sensient Technologies in a report on Monday, December 1st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $110.00.

Sensient Technologies Stock Down 2.3%

SXT stock opened at $92.29 on Monday. The firm has a market capitalization of $3.92 billion, a PE ratio of 28.22 and a beta of 0.58. 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 Corporation has a twelve month low of $66.14 and a twelve month high of $121.54. The stock’s 50 day moving average is $94.13 and its 200-day moving average is $101.59.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $407.45 million. During the same period in the prior year, the firm 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. Sell-side analysts expect that Sensient Technologies Corporation will post 3.1 EPS 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 was Monday, November 10th. This represents a $1.64 annualized dividend and a dividend yield of 1.8%. Sensient Technologies’s dividend payout ratio is currently 50.15%.

Insider Activity at Sensient Technologies

In other news, Director Joseph Carleone acquired 1,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of $91.26 per share, for a total transaction of $91,260.00. Following the purchase, the director owned 22,414 shares in the company, valued at approximately $2,045,501.64. This represents a 4.67% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David J. Plautz bought 2,150 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of $92.98 per share, for a total transaction of $199,907.00. Following the transaction, the vice president owned 2,999 shares in the company, valued at approximately $278,847.02. This 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 owned by insiders.

Sensient Technologies 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.