AIA Group Ltd acquired a new stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,648 shares of the specialty chemicals company's stock, valued at approximately $1,844,000.
Other institutional investors have also added to or reduced their stakes in the company. Eminence Capital LP purchased a new stake in Sensient Technologies during the 2nd quarter valued at $99,117,000. Westwood Holdings Group Inc. purchased a new stake in Sensient Technologies in the 2nd quarter worth approximately $91,280,000. American Century Companies Inc. lifted its holdings in Sensient Technologies by 4,511.3% in the 2nd quarter. American Century Companies Inc. now owns 589,272 shares of the specialty chemicals company's stock worth $58,055,000 after buying an additional 576,493 shares during the period. Norges Bank purchased a new stake in Sensient Technologies in the 2nd quarter worth approximately $50,728,000. Finally, Parsifal Capital Management LP bought a new stake in shares of Sensient Technologies in the 3rd quarter worth approximately $46,784,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.
Sensient Technologies Trading Down 3.5%
NYSE:SXT opened at $82.97 on Friday. Sensient Technologies Corporation has a 1 year low of $67.79 and a 1 year high of $121.54. The stock has a market cap of $3.53 billion, a P/E ratio of 26.26 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 4.10. The stock has a 50-day simple moving average of $94.47 and a 200-day simple moving average of $95.87.
Sensient Technologies (NYSE:SXT - Get Free Report) last posted its earnings results on Friday, February 13th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.06). The business had revenue of $393.45 million for the quarter, compared to analysts' expectations of $395.70 million. Sensient Technologies had a return on equity of 12.82% and a net margin of 8.34%.Sensient Technologies's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 EPS. Sensient Technologies has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.
Sensient Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 3rd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, February 3rd. Sensient Technologies's dividend payout ratio is presently 51.90%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Sensient Technologies in a report on Monday, December 29th. Zacks Research cut shares of Sensient Technologies from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $110.00.
Get Our Latest Report on SXT
About Sensient Technologies
(
Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding SXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sensient Technologies Corporation (NYSE:SXT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sensient Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sensient Technologies wasn't on the list.
While Sensient Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.