Corient Private Wealth LP Acquires Shares of 18,897 Sensient Technologies Corporation $SXT

Corient Private Wealth LP acquired a new position in shares of Sensient Technologies Corporation (NYSE:SXT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,897 shares of the specialty chemicals company’s stock, valued at approximately $2,330,000.

Several other hedge funds also recently made changes to their positions in the company. Park West Asset Management LLC acquired a new stake in shares of Sensient Technologies during the second quarter worth about $21,661,000. Bank of America Corp DE acquired a new stake in shares of Sensient Technologies in the 2nd quarter valued at about $33,726,000. Jupiter Topco LLC acquired a new stake in shares of Sensient Technologies in the 2nd quarter valued at about $211,264,000. Castleark Management LLC purchased a new position in Sensient Technologies during the 2nd quarter worth approximately $10,223,000. Finally, Legal & General Group Plc purchased a new position in Sensient Technologies during the 2nd quarter worth approximately $11,973,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Up 0.9%

SXT stock opened at $136.09 on Thursday. Sensient Technologies Corporation has a one year low of $82.60 and a one year high of $138.82. The stock has a market capitalization of $5.79 billion, a PE ratio of 36.68 and a beta of 0.80. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39. The company has a fifty day moving average of $125.22 and a 200-day moving average of $111.08.

Sensient Technologies (NYSE:SXT) last issued its 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 net margin of 9.27% and a return on equity of 13.77%. The business had revenue of $462.08 million for the quarter, compared to the consensus estimate of $448.84 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’s quarterly revenue 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. As a group, analysts expect that Sensient Technologies Corporation will post 4.2 EPS for the current year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 3rd. Sensient Technologies’s payout ratio is currently 44.20%.

Insiders Place Their Bets

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total transaction of $155,376.00. Following the transaction, the director owned 7,352 shares in the company, valued at approximately $951,936.96. The trade was a 14.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

SXT has been the topic of several research analyst reports. Rothschild & Co Redburn assumed coverage on Sensient Technologies in a research report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price target on the stock. UBS Group raised their target price on shares of Sensient Technologies from $143.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Robert W. Baird lifted their target price on shares of Sensient Technologies from $125.00 to $140.00 and gave the company 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, Weiss Ratings cut shares of Sensient Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sensient Technologies currently has an average rating of “Buy” and a consensus price target of $140.00.

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.