Kimelman & Baird LLC Acquires Shares of 16,650 Sensient Technologies Corporation $SXT

Kimelman & Baird LLC bought a new position in Sensient Technologies Corporation (NYSE:SXT) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,650 shares of the specialty chemicals company’s stock, valued at approximately $2,053,000.

A number of other hedge funds also recently bought and sold shares of SXT. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sensient Technologies in the 2nd quarter worth about $26,000. Silvant Capital Management LLC purchased a new stake in Sensient Technologies in the second quarter worth about $27,000. Farther Finance Advisors LLC boosted its stake in shares of Sensient Technologies by 313.5% during the fourth quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 232 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sensient Technologies in the 4th quarter worth $33,000. Finally, Global Retirement Partners LLC bought a new position in Sensient Technologies in the second quarter worth about $36,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

Shares of SXT stock opened at $134.87 on Friday. Sensient Technologies Corporation has a one year low of $82.60 and a one year high of $138.82. The firm’s 50 day moving average price is $124.29 and its 200-day moving average price is $110.28. The firm has a market cap of $5.74 billion, a P/E ratio of 36.35 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.17. The firm had revenue of $462.08 million for the quarter, compared to the consensus estimate 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 for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. As a group, equities research analysts predict that Sensient Technologies Corporation will post 4.2 EPS for the current 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. The ex-dividend date is Monday, August 3rd. This represents a $1.64 annualized dividend and a yield of 1.2%. Sensient Technologies’s dividend payout ratio is 44.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Rothschild & Co Redburn began coverage on shares of Sensient Technologies in a report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective on the stock. Weiss Ratings downgraded shares of Sensient Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Robert W. Baird upped 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. Zacks Research upgraded shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, UBS Group increased their price target on Sensient Technologies from $143.00 to $155.00 and gave the company a “buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $140.00.

Insider Activity at Sensient Technologies

In other news, Director Mario Ferruzzi sold 1,200 shares of the stock in a transaction dated 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 sale, the director owned 7,352 shares in the company, valued at approximately $951,936.96. This represents a 14.03% 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. Insiders own 1.30% of the company’s stock.

Sensient Technologies 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.