Quantbot Technologies LP Purchases Shares of 9,216 Sensient Technologies Corporation $SXT

Quantbot Technologies LP purchased a new stake in shares of Sensient Technologies Corporation (NYSE:SXT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,216 shares of the specialty chemicals company’s stock, valued at approximately $1,136,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Sensient Technologies in the 2nd quarter valued at about $818,403,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Sensient Technologies during the 1st quarter valued at about $77,955,000. Norges Bank acquired a new position in shares of Sensient Technologies in the 4th quarter worth approximately $49,867,000. Parsifal Capital Management LP acquired a new position in shares of Sensient Technologies in the 3rd quarter worth approximately $46,784,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sensient Technologies in the 2nd quarter worth approximately $47,173,000. Institutional investors own 90.86% of the company’s stock.

Wall Street Analysts Forecast Growth

SXT has been the subject of several recent research reports. UBS Group increased their target price on shares of Sensient Technologies from $143.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Robert W. Baird upped their price target on 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 Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Rothschild & Co Redburn assumed coverage on Sensient Technologies in a research note on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $140.00.

Sensient Technologies Price Performance

NYSE SXT opened at $136.88 on Wednesday. The stock’s 50-day moving average price is $122.92 and its two-hundred day moving average price is $109.56. The company has a current ratio of 4.39, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The company has a market cap of $5.83 billion, a PE ratio of 36.89 and a beta of 0.78. Sensient Technologies Corporation has a 1 year low of $82.60 and a 1 year high of $138.52.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 EPS for the quarter, topping 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 company had revenue of $462.08 million during the quarter, compared to analysts’ expectations of $448.84 million. During the same period last year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. On average, analysts predict that Sensient Technologies Corporation will post 4.2 EPS for the current 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 $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, August 3rd. Sensient Technologies’s dividend payout ratio is 44.20%.

Insider Buying and Selling

In other Sensient Technologies 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 transaction of $155,376.00. Following the transaction, the director directly 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 this hyperlink. Corporate insiders own 1.30% of the company’s stock.

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.