Norges Bank Buys New Position in Sensient Technologies Corporation $SXT

Norges Bank bought a new stake in shares of Sensient Technologies Corporation (NYSE:SXTFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 530,780 shares of the specialty chemicals company’s stock, valued at approximately $49,867,000.

Several other large investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Sensient Technologies during the 3rd quarter worth about $1,324,000. Western Standard LLC bought a new position in Sensient Technologies in the 3rd quarter valued at about $3,233,000. Tudor Investment Corp ET AL bought a new position in Sensient Technologies in the 3rd quarter valued at about $4,142,000. Yost Capital Management LP lifted its position in Sensient Technologies by 43.8% in the 3rd quarter. Yost Capital Management LP now owns 86,300 shares of the specialty chemicals company’s stock valued at $8,099,000 after acquiring an additional 26,300 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Sensient Technologies in the 3rd quarter valued at about $3,212,000. Institutional investors and hedge funds own 90.86% of the company’s stock.

Insiders Place Their Bets

In other Sensient Technologies news, VP Thierry Hoang sold 400 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $115.19, for a total value of $46,076.00. Following the completion of the sale, the vice president directly owned 13,909 shares of the company’s stock, valued at $1,602,177.71. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SXT has been the topic of several recent research reports. Weiss Ratings raised shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. UBS Group raised their price target on shares of Sensient Technologies from $115.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Zacks Research upgraded shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

Get Our Latest Stock Analysis on SXT

Sensient Technologies Stock Up 0.0%

SXT opened at $112.20 on Monday. Sensient Technologies Corporation has a one year low of $82.60 and a one year high of $129.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.01 and a quick ratio of 1.97. The firm has a market capitalization of $4.78 billion, a P/E ratio of 33.10 and a beta of 0.80. The company has a fifty day moving average price of $106.49 and a 200-day moving average price of $98.67.

Sensient Technologies (NYSE:SXTGet Free Report) last posted its quarterly earnings data on Friday, April 24th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Sensient Technologies had a net margin of 8.71% and a return on equity of 13.12%. The company had revenue of $435.83 million during the quarter, compared to the consensus estimate of $411.39 million. During the same period in the previous year, the firm posted $0.86 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. Equities research analysts expect that Sensient Technologies Corporation will post 3.9 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, May 11th. Sensient Technologies’s payout ratio is currently 48.38%.

Sensient Technologies 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.

Further Reading

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

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