Sensient Technologies Corporation $SXT Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in Sensient Technologies Corporation (NYSE:SXT) by 32.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 527,120 shares of the specialty chemicals company’s stock after selling 258,614 shares during the quarter. Victory Capital Management Inc.’s holdings in Sensient Technologies were worth $49,470,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SXT. CW Advisors LLC lifted its position in shares of Sensient Technologies by 15.4% in the second quarter. CW Advisors LLC now owns 108,654 shares of the specialty chemicals company’s stock valued at $10,705,000 after acquiring an additional 14,498 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Sensient Technologies in the third quarter worth approximately $5,497,000. Allworth Financial LP increased its position in shares of Sensient Technologies by 38,785.2% during the second quarter. Allworth Financial LP now owns 20,998 shares of the specialty chemicals company’s stock worth $2,069,000 after purchasing an additional 20,944 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Sensient Technologies in the 3rd quarter valued at $671,000. Finally, Creative Planning raised its stake in Sensient Technologies by 45.1% in the 2nd quarter. Creative Planning now owns 30,044 shares of the specialty chemicals company’s stock valued at $2,960,000 after purchasing an additional 9,335 shares during the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Sensient Technologies Price Performance

NYSE:SXT opened at $91.59 on Friday. Sensient Technologies Corporation has a one year low of $67.79 and a one year high of $121.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 4.10. The stock has a market cap of $3.89 billion, a PE ratio of 28.98 and a beta of 0.55. The stock has a 50 day moving average price of $95.72 and a 200 day moving average price of $97.62.

Sensient Technologies (NYSE:SXT) last released 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). The company had revenue of $393.45 million for the quarter, compared to analyst estimates of $395.70 million. Sensient Technologies had a return on equity of 12.82% and a net margin of 8.34%.The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.70 EPS. Sensient Technologies has set its FY 2026 guidance at 3.600-3.800 EPS. Equities research analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 3rd were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $1.64 annualized dividend and a dividend yield of 1.8%. Sensient Technologies’s payout ratio is presently 51.90%.

Analysts Set New Price Targets

SXT has been the topic of several recent research reports. Zacks Research cut shares of Sensient Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $110.00.

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.