Guggenheim Capital LLC Increases Stock Position in Sensient Technologies Co. (NYSE:SXT)

Posted by on Mar 5th, 2023

Guggenheim Capital LLC grew its stake in shares of Sensient Technologies Co. (NYSE:SXT – Get Rating) by 22.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,936 shares of the specialty chemicals company’s stock after buying an additional 4,709 shares during the period. Guggenheim Capital LLC owned 0.06% of Sensient Technologies worth $1,798,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SXT. Mackenzie Financial Corp lifted its holdings in shares of Sensient Technologies by 5.1% during the 1st quarter. Mackenzie Financial Corp now owns 2,573 shares of the specialty chemicals company’s stock valued at $216,000 after acquiring an additional 124 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Sensient Technologies by 2.0% during the 1st quarter. Panagora Asset Management Inc. now owns 6,516 shares of the specialty chemicals company’s stock valued at $547,000 after acquiring an additional 127 shares in the last quarter. Ellevest Inc. lifted its holdings in shares of Sensient Technologies by 13.9% during the 3rd quarter. Ellevest Inc. now owns 1,264 shares of the specialty chemicals company’s stock valued at $88,000 after acquiring an additional 154 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of Sensient Technologies by 2.4% during the 1st quarter. First Republic Investment Management Inc. now owns 6,678 shares of the specialty chemicals company’s stock valued at $561,000 after acquiring an additional 156 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Sensient Technologies by 2.8% during the 3rd quarter. Truist Financial Corp now owns 7,510 shares of the specialty chemicals company’s stock valued at $520,000 after acquiring an additional 205 shares in the last quarter. 87.30% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Stock Performance

NYSE:SXT opened at $76.14 on Friday. The company has a current ratio of 3.43, a quick ratio of 1.36 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 22.80 and a beta of 0.90. The firm’s fifty day simple moving average is $75.28 and its 200 day simple moving average is $74.32. Sensient Technologies Co. has a twelve month low of $63.17 and a twelve month high of $89.34.

Sensient Technologies (NYSE:SXT – Get Rating) last posted its earnings results on Friday, February 10th. The specialty chemicals company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.06). The business had revenue of $348.70 million for the quarter, compared to analyst estimates of $352.42 million. Sensient Technologies had a net margin of 9.80% and a return on equity of 14.35%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 7th were issued a $0.41 dividend. The ex-dividend date was Monday, February 6th. This represents a $1.64 dividend on an annualized basis and a yield of 2.15%. Sensient Technologies’s dividend payout ratio is currently 49.10%.

About Sensient Technologies

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Sensient Technologies Corp. engages in the manufacture of colors, flavors, and fragrances. It operates through the following segments: Flavors and Fragrances Group, Color Group, and Asia Pacific Group segments. The Flavors and Fragrances segment includes beverage flavors, bionutrients, savory flavors, sweet flavors, natural ingredients, and fragrance compounds and ingredients.

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Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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