Quantbot Technologies LP bought a new stake in Sensient Technologies Corporation (NYSE:SXT – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,230 shares of the specialty chemicals company’s stock, valued at approximately $3,212,000. Quantbot Technologies LP owned about 0.08% of Sensient Technologies at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eminence Capital LP purchased a new position in shares of Sensient Technologies in the 2nd quarter worth approximately $99,117,000. Geode Capital Management LLC grew its stake in shares of Sensient Technologies by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,000,613 shares of the specialty chemicals company’s stock worth $98,593,000 after acquiring an additional 9,211 shares during the period. Westwood Holdings Group Inc. bought a new position in Sensient Technologies during the second quarter worth about $91,280,000. Congress Asset Management Co. grew its stake in Sensient Technologies by 4.4% in the 3rd quarter. Congress Asset Management Co. now owns 716,638 shares of the specialty chemicals company’s stock valued at $67,257,000 after buying an additional 29,901 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Sensient Technologies by 4,511.3% in the second quarter. American Century Companies Inc. now owns 589,272 shares of the specialty chemicals company’s stock valued at $58,055,000 after purchasing an additional 576,493 shares in the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on SXT shares. Weiss Ratings restated a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday, December 29th. Zacks Research cut shares of Sensient Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sensient Technologies presently has an average rating of “Hold” and an average target price of $110.00.
Insiders Place Their Bets
In other Sensient Technologies news, Director Essie Whitelaw sold 3,985 shares of Sensient Technologies stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $95.02, for a total value of $378,654.70. Following the completion of the transaction, the director directly owned 17,128 shares of the company’s stock, valued at approximately $1,627,502.56. The trade was a 18.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.
Sensient Technologies Stock Down 1.0%
Shares of Sensient Technologies stock opened at $100.55 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.10 and a quick ratio of 1.53. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 31.82 and a beta of 0.55. The company has a 50-day moving average of $95.85 and a 200 day moving average of $97.98. Sensient Technologies Corporation has a 1 year low of $67.79 and a 1 year high of $121.54.
Sensient Technologies (NYSE:SXT – Get Free Report) last posted its quarterly earnings data on Friday, February 13th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.06). Sensient Technologies had a net margin of 8.34% and a return on equity of 12.82%. The company had revenue of $393.45 million for the quarter, compared to the consensus estimate of $395.70 million. During the same period last year, the business earned $0.70 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, sell-side analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.
Sensient Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 3rd were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, February 3rd. Sensient Technologies’s dividend payout ratio is 51.90%.
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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