Sensient Technologies Corporation (NYSE:SXT – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $121.94, but opened at $111.70. Sensient Technologies shares last traded at $113.6160, with a volume of 235,568 shares.
Analyst Ratings Changes
A number of brokerages have recently issued reports on SXT. UBS Group raised their target price on shares of Sensient Technologies from $115.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Zacks Research upgraded shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Sensient Technologies currently has an average rating of “Buy” and a consensus price target of $134.00.
View Our Latest Stock Report on SXT
Sensient Technologies Stock Down 0.5%
Sensient Technologies (NYSE:SXT – Get Free Report) last released its quarterly earnings results on Friday, April 24th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.24. The business had revenue of $435.83 million during the quarter, compared to the consensus estimate of $411.39 million. Sensient Technologies had a return on equity of 13.12% and a net margin of 8.71%.The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 EPS. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. As a group, equities research analysts forecast that Sensient Technologies Corporation will post 3.9 earnings per share for the current year.
Sensient Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, May 11th. Sensient Technologies’s payout ratio is 48.38%.
Insider Activity
In other news, VP Thierry Hoang sold 439 shares of Sensient Technologies stock in a transaction on Monday, May 4th. The stock was sold at an average price of $114.15, for a total transaction of $50,111.85. Following the completion of the transaction, the vice president owned 14,309 shares of the company’s stock, valued at $1,633,372.35. The trade was a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Sensient Technologies by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,046,850 shares of the specialty chemicals company’s stock valued at $90,494,000 after purchasing an additional 22,793 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Sensient Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,010,258 shares of the specialty chemicals company’s stock valued at $94,930,000 after acquiring an additional 4,123 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Sensient Technologies during the 1st quarter valued at about $77,955,000. Congress Asset Management Co. increased its stake in shares of Sensient Technologies by 2.5% during the 4th quarter. Congress Asset Management Co. now owns 734,573 shares of the specialty chemicals company’s stock valued at $69,013,000 after acquiring an additional 17,935 shares during the last quarter. Finally, Snyder Capital Management L P increased its stake in shares of Sensient Technologies by 4.5% during the 4th quarter. Snyder Capital Management L P now owns 695,170 shares of the specialty chemicals company’s stock valued at $65,311,000 after acquiring an additional 29,707 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.
About Sensient Technologies
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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