OneAscent Financial Services LLC purchased a new position in Sensient Technologies Corporation (NYSE:SXT – Free Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 6,561 shares of the specialty chemicals company’s stock, valued at approximately $616,000.
A number of other institutional investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its stake in shares of Sensient Technologies by 1.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,675 shares of the specialty chemicals company’s stock worth $909,000 after acquiring an additional 130 shares during the period. Covestor Ltd lifted its stake in shares of Sensient Technologies by 31.7% in the 4th quarter. Covestor Ltd now owns 594 shares of the specialty chemicals company’s stock worth $56,000 after acquiring an additional 143 shares during the period. Evergreen Capital Management LLC lifted its stake in shares of Sensient Technologies by 3.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,500 shares of the specialty chemicals company’s stock worth $443,000 after acquiring an additional 146 shares during the period. Arizona State Retirement System lifted its stake in shares of Sensient Technologies by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 10,679 shares of the specialty chemicals company’s stock worth $1,002,000 after acquiring an additional 151 shares during the period. Finally, Salomon & Ludwin LLC lifted its stake in shares of Sensient Technologies by 146.2% in the 4th quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 174 shares during the period. 90.86% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Sensient Technologies
In related news, VP Thierry Hoang sold 400 shares of the business’s stock in a transaction that occurred 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 sale, the vice president directly owned 13,909 shares in the company, valued at $1,602,177.71. The trade was a 2.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by insiders.
Sensient Technologies Stock Down 0.5%
Sensient Technologies (NYSE:SXT – Get Free Report) last released its earnings results on Friday, April 24th. The specialty chemicals company reported $1.04 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 business had revenue of $435.83 million for the quarter, compared to the consensus estimate of $411.39 million. During the same period in the previous year, the firm earned $0.86 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, May 11th. Sensient Technologies’s payout ratio is presently 48.38%.
Analysts Set New Price Targets
SXT has been the subject of a number of research analyst reports. UBS Group upped 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. Zacks Research raised shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings raised shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sensient Technologies has an average rating of “Moderate Buy” and an average target price of $121.00.
Read Our Latest Research Report on SXT
Sensient Technologies Company Profile
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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