Beaconlight Capital LLC raised its stake in Sensient Technologies Corporation (NYSE:SXT – Free Report) by 20.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 138,033 shares of the specialty chemicals company’s stock after buying an additional 23,802 shares during the quarter. Sensient Technologies accounts for approximately 7.6% of Beaconlight Capital LLC’s holdings, making the stock its 3rd biggest holding. Beaconlight Capital LLC’s holdings in Sensient Technologies were worth $12,968,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in SXT. Salomon & Ludwin LLC lifted its stake in Sensient Technologies by 146.2% in the fourth quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 174 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Sensient Technologies by 313.5% in the fourth quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 232 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Sensient Technologies in the fourth quarter valued at $33,000. Advisors Asset Management Inc. lifted its stake in Sensient Technologies by 53.1% in the fourth quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 139 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Sensient Technologies in the fourth quarter valued at $44,000. 90.86% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on SXT shares. Zacks Research upgraded Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Weiss Ratings upgraded shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, UBS Group lifted their price objective on shares of Sensient Technologies from $115.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $134.00.
Insider Transactions at Sensient Technologies
In related news, VP Thierry Hoang sold 439 shares of Sensient Technologies stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $114.15, for a total transaction of $50,111.85. Following the transaction, the vice president directly owned 14,309 shares of the company’s stock, valued at $1,633,372.35. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.
Sensient Technologies Price Performance
Shares of NYSE SXT opened at $111.12 on Thursday. Sensient Technologies Corporation has a fifty-two week low of $82.60 and a fifty-two week high of $129.35. The firm’s 50-day simple moving average is $111.07 and its 200 day simple moving average is $99.95. The company has a quick ratio of 1.97, a current ratio of 5.01 and a debt-to-equity ratio of 0.63. The stock has a market cap of $4.73 billion, a P/E ratio of 32.78 and a beta of 0.80.
Sensient Technologies (NYSE:SXT – Get Free Report) last issued its quarterly earnings data on Friday, April 24th. The specialty chemicals company reported $1.04 earnings per share for the quarter, beating 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 analysts’ expectations of $411.39 million. During the same period in the previous year, the business earned $0.86 earnings per share. The company’s revenue 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 analysts expect that Sensient Technologies Corporation will post 3.9 EPS for the current year.
Sensient Technologies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors 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 yield of 1.5%. The ex-dividend date of this dividend was Monday, May 11th. Sensient Technologies’s payout ratio is presently 48.38%.
Sensient Technologies 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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