Covea Finance Makes New Investment in Sensient Technologies Corporation $SXT

by · The Markets Daily

Covea Finance bought a new stake in shares of Sensient Technologies Corporation (NYSE:SXTFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 81,400 shares of the specialty chemicals company’s stock, valued at approximately $7,639,000.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA acquired a new position in Sensient Technologies in the second quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its stake in Sensient Technologies by 181.1% during the second quarter. EverSource Wealth Advisors LLC now owns 475 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 306 shares in the last quarter. Gables Capital Management Inc. bought a new position in Sensient Technologies in the 2nd quarter valued at about $59,000. GAMMA Investing LLC increased its holdings in Sensient Technologies by 69.2% in the 2nd quarter. GAMMA Investing LLC now owns 736 shares of the specialty chemicals company’s stock valued at $73,000 after buying an additional 301 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Sensient Technologies in the 2nd quarter valued at approximately $89,000. 90.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on Sensient Technologies

Insider Transactions at Sensient Technologies

In other news, VP David J. Plautz acquired 2,150 shares of the stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of $92.98 per share, with a total value of $199,907.00. Following the completion of the purchase, the vice president directly owned 2,999 shares of the company’s stock, valued at $278,847.02. This represents a 253.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Carleone acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price 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 $2,045,501.64. The trade was a 4.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.20% of the company’s stock.

Sensient Technologies Price Performance

SXT stock opened at $96.18 on Friday. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 29.41 and a beta of 0.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.59 and a quick ratio of 1.79. The company has a 50 day simple moving average of $94.61 and a 200 day simple moving average of $101.53. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54.

Sensient Technologies (NYSE:SXTGet Free Report) last announced 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 the consensus estimate of $407.45 million. During the same period in the prior year, the business earned $0.80 earnings per share. The company’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. Research analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 10th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, November 10th. Sensient Technologies’s dividend payout ratio (DPR) is presently 50.15%.

Sensient Technologies Company Profile

(Free Report)

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.

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