Moore Capital Management LP Takes $34.37 Million Position in Sensient Technologies Corporation $SXT

Moore Capital Management LP purchased a new position in shares of Sensient Technologies Corporation (NYSE:SXT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 278,771 shares of the specialty chemicals company’s stock, valued at approximately $34,370,000. Sensient Technologies comprises 0.5% of Moore Capital Management LP’s investment portfolio, making the stock its 29th largest holding. Moore Capital Management LP owned 0.66% of Sensient Technologies at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sensient Technologies during the second quarter valued at $26,000. Silvant Capital Management LLC bought a new stake in shares of Sensient Technologies in the second quarter valued at $27,000. Global Retirement Partners LLC bought a new stake in shares of Sensient Technologies in the second quarter valued at $36,000. Farther Finance Advisors LLC lifted its position in shares of 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 buying an additional 232 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Sensient Technologies by 53.1% during the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 139 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Zacks Research raised Sensient Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. UBS Group upped their price objective on shares of Sensient Technologies from $143.00 to $155.00 and gave the company a “buy” rating in a report on Monday, July 27th. Weiss Ratings lowered shares of Sensient Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Rothschild & Co Redburn initiated coverage on shares of Sensient Technologies in a research report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 target price for the company. Finally, Robert W. Baird lifted their target price on shares of Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note 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 given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $140.00.

Insiders Place Their Bets

In other news, Director Mario Ferruzzi sold 1,200 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total transaction of $155,376.00. Following the sale, the director directly owned 7,352 shares in the company, valued at $951,936.96. This represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is owned by insiders.

Sensient Technologies Trading Down 0.2%

NYSE:SXT opened at $134.87 on Monday. Sensient Technologies Corporation has a 1 year low of $82.60 and a 1 year high of $138.82. The stock’s fifty day moving average price is $124.29 and its two-hundred day moving average price is $110.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.39 and a quick ratio of 1.72. The company has a market cap of $5.74 billion, a P/E ratio of 36.35 and a beta of 0.78.

Sensient Technologies (NYSE:SXT) last announced its quarterly 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 return on equity of 13.77% and a net margin of 9.27%.The company had revenue of $462.08 million during the quarter, compared to analysts’ expectations of $448.84 million. During the same period in the previous year, the business earned $0.88 earnings per share. The firm’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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 3rd. Sensient Technologies’s payout ratio is presently 44.20%.

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.