Marex Group plc Purchases New Holdings in Sensient Technologies Corporation $SXT

Marex Group plc acquired a new position in shares of Sensient Technologies Corporation (NYSE:SXT) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 6,884 shares of the specialty chemicals company’s stock, valued at approximately $678,000.

Other large investors also recently added to or reduced their stakes in the company. Pacific Capital Partners Ltd acquired a new stake in shares of Sensient Technologies during the 2nd quarter valued at $985,000. Public Employees Retirement System of Ohio increased its stake in shares of Sensient Technologies by 3,508.8% in 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. raised 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 worth $951,000 after acquiring an additional 6,008 shares in the last quarter. Graham Capital Management L.P. boosted its position in 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 purchasing an additional 6,135 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Sensient Technologies by 38,785.2% in the second 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 in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Trading Down 1.9%

Shares of NYSE:SXT opened at $93.94 on Monday. The stock has a market capitalization of $3.99 billion, a PE ratio of 28.73 and a beta of 0.58. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The firm has a fifty day moving average price of $94.16 and a 200 day moving average price of $101.56. The company has a current ratio of 4.59, a quick ratio of 1.79 and a debt-to-equity ratio of 0.60.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $412.11 million for the quarter, compared to analyst estimates of $407.45 million. Sensient Technologies had a return on equity of 12.91% and a net margin of 8.72%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

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

Insiders Place Their Bets

In other news, Director Joseph Carleone acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost 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 represents a 4.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David J. Plautz bought 2,150 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average price of $92.98 per share, for a total transaction of $199,907.00. Following the completion of the purchase, the vice president directly owned 2,999 shares in the company, valued at $278,847.02. The trade was a 253.24% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sensient Technologies in a research note on Monday, December 8th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Sensient Technologies has an average rating of “Hold” and an average price target of $110.00.

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.