Legal & General Group Plc acquired a new stake in shares of Sensient Technologies Corporation (NYSE:SXT – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 97,112 shares of the specialty chemicals company’s stock, valued at approximately $11,973,000. Legal & General Group Plc owned approximately 0.23% of Sensient Technologies as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in SXT. BlackRock Inc. purchased a new position in shares of Sensient Technologies during the 2nd quarter valued at $818,403,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Sensient Technologies in the 1st quarter worth $77,955,000. Norges Bank bought a new stake in Sensient Technologies during the fourth quarter valued at about $49,867,000. Parsifal Capital Management LP bought a new stake in Sensient Technologies during the third quarter valued at about $46,784,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Sensient Technologies in the second quarter valued at about $47,173,000. 90.86% of the stock is currently owned by institutional investors.
Insider Transactions at Sensient Technologies
In other Sensient Technologies news, Director Mario Ferruzzi sold 1,200 shares of the stock in a transaction on Wednesday, August 5th. The shares were 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 $951,936.96. This trade represents a 14.03% decrease in their ownership of the stock. 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 currently owned by insiders.
Sensient Technologies Price Performance
Sensient Technologies (NYSE:SXT – Get Free Report) last released its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%.The business had revenue of $462.08 million during the quarter, compared to analysts’ expectations of $448.84 million. During the same quarter last year, the business posted $0.88 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. On average, equities research analysts forecast that Sensient Technologies Corporation will post 4.2 earnings per share for the current fiscal year.
Sensient Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 3rd. Sensient Technologies’s payout ratio is currently 44.20%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Zacks Research upgraded Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. UBS Group upped their price target on Sensient Technologies from $143.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Weiss Ratings lowered shares of Sensient Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Rothschild & Co Redburn assumed coverage on shares of Sensient Technologies in a report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective for the company. Finally, Robert W. Baird boosted their target price on shares of Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $140.00.
View Our Latest Stock Analysis on SXT
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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