Heartland Advisors Inc. acquired a new stake in shares of Sensient Technologies Corporation (NYSE:SXT – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 64,798 shares of the specialty chemicals company’s stock, valued at approximately $7,989,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of SXT. Royal Bank of Canada grew its position in Sensient Technologies by 19.3% during the 1st quarter. Royal Bank of Canada now owns 4,952 shares of the specialty chemicals company’s stock worth $369,000 after purchasing an additional 802 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Sensient Technologies by 103.2% in the first quarter. AQR Capital Management LLC now owns 8,852 shares of the specialty chemicals company’s stock worth $647,000 after buying an additional 4,496 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sensient Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,091 shares of the specialty chemicals company’s stock worth $1,868,000 after buying an additional 1,107 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Sensient Technologies by 112.1% during the first quarter. Millennium Management LLC now owns 115,042 shares of the specialty chemicals company’s stock worth $8,563,000 after buying an additional 60,807 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of Sensient Technologies during the first quarter worth $201,000. 90.86% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on SXT shares. Robert W. Baird upped their target price on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Weiss Ratings raised Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. UBS Group boosted their price target on Sensient Technologies from $143.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Zacks Research raised Sensient Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Rothschild & Co Redburn initiated coverage on Sensient Technologies in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sensient Technologies presently has an average rating of “Buy” and a consensus target price of $140.00.
Insider Buying and Selling at Sensient Technologies
In other Sensient Technologies news, Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total transaction of $155,376.00. Following the completion of the transaction, the director owned 7,352 shares in the company, valued at approximately $951,936.96. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.
Sensient Technologies Stock Up 1.4%
SXT stock opened at $134.38 on Friday. The firm’s fifty day simple moving average is $122.09 and its 200-day simple moving average is $108.85. The company has a market capitalization of $5.72 billion, a P/E ratio of 36.22 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.39 and a quick ratio of 1.72. Sensient Technologies Corporation has a 12 month low of $82.60 and a 12 month high of $136.58.
Sensient Technologies (NYSE:SXT – Get Free Report) last issued its earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.17. The firm had revenue of $462.08 million during the quarter, compared to analysts’ expectations of $448.84 million. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. As a group, equities research analysts forecast that Sensient Technologies Corporation will post 4.2 earnings per share for the current year.
Sensient Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 3rd. Sensient Technologies’s dividend payout ratio (DPR) is currently 44.20%.
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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