Trillium Asset Management LLC bought a new position in shares of Sensient Technologies Corporation (NYSE:SXT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 35,628 shares of the specialty chemicals company’s stock, valued at approximately $4,393,000. Trillium Asset Management LLC owned approximately 0.08% of Sensient Technologies as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Sensient Technologies in the second quarter valued at about $26,000. Salomon & Ludwin LLC raised its stake in Sensient Technologies by 146.2% in the 4th quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 174 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Sensient Technologies by 313.5% in the 4th quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 232 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Sensient Technologies in the 4th quarter valued at about $33,000. Finally, Global Retirement Partners LLC bought a new stake in Sensient Technologies in the 2nd quarter valued at about $36,000. Institutional investors own 90.86% of the company’s stock.
Insider Transactions at Sensient Technologies
In related news, Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total value of $155,376.00. Following the transaction, the director directly owned 7,352 shares of the company’s stock, valued at $951,936.96. This trade represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.
Sensient Technologies Trading Down 0.6%
Sensient Technologies (NYSE:SXT – Get Free Report) last released its earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.03 by $0.17. The firm had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Analysts predict that Sensient Technologies Corporation will post 4.2 EPS for the current fiscal year.
Sensient Technologies Announces Dividend
The company 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 dividend of $0.41 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.64 annualized dividend and a dividend yield of 1.2%. Sensient Technologies’s dividend payout ratio (DPR) is currently 44.20%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on SXT. Rothschild & Co Redburn initiated coverage on shares of Sensient Technologies in a report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 target price on the stock. Weiss Ratings upgraded Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Robert W. Baird boosted their price target on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” 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 research report on Monday, July 27th. Finally, UBS Group raised their price objective on Sensient Technologies from $143.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. One research 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.com, the stock currently has an average rating of “Buy” and an average target price of $140.00.
View Our Latest Report on Sensient Technologies
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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