OneAscent Financial Services LLC Buys New Position in Sensient Technologies Corporation $SXT

OneAscent Financial Services LLC bought a new stake in Sensient Technologies Corporation (NYSE:SXT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,452 shares of the specialty chemicals company’s stock, valued at approximately $549,000.

Several other institutional investors also recently added to or reduced their stakes in SXT. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sensient Technologies in the second quarter valued at approximately $26,000. Silvant Capital Management LLC bought a new position in Sensient Technologies during the second quarter worth $27,000. Salomon & Ludwin LLC increased its position in Sensient Technologies by 146.2% during the fourth quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 174 shares during the period. Farther Finance Advisors LLC raised its stake in Sensient Technologies by 313.5% during the 4th 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 during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Sensient Technologies during the 4th quarter valued at $33,000. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Stock Down 0.6%

Shares of SXT stock opened at $132.39 on Friday. The stock has a market cap of $5.63 billion, a P/E ratio of 35.68 and a beta of 0.78. Sensient Technologies Corporation has a one year low of $82.60 and a one year high of $136.58. The stock has a fifty day moving average price of $121.89 and a 200 day moving average price of $108.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.39 and a quick ratio of 1.72.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Analysts predict that Sensient Technologies Corporation will post 4.2 earnings per share for the current year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be given a dividend of $0.41 per share. 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 payout ratio is 44.20%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SXT shares. Zacks Research upgraded shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Weiss Ratings raised shares of Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Rothschild & Co Redburn started coverage on shares of Sensient Technologies in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 target price for the company. Robert W. Baird increased their target price on shares of Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Finally, UBS Group lifted their target price on Sensient Technologies from $143.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. One equities research 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 stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $140.00.

Insider Buying and Selling at Sensient Technologies

In related news, Director Mario Ferruzzi sold 1,200 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total value of $155,376.00. Following the sale, the director owned 7,352 shares of the company’s stock, valued at $951,936.96. The trade was a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company 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.