Allworth Financial LP Invests $2.59 Million in Sensient Technologies Corporation $SXT

Key Points

• Allworth Financial initiated a $2.59 million position in Sensient Technologies, while institutional investors collectively own 90.86% of the company’s stock.
• Analysts maintain a consensus “Buy” rating with a $140 price target; recent upgrades included UBS raising its target to $155 and Zacks moving the stock to “strong buy.”
• Sensient exceeded quarterly expectations, reporting $1.20 EPS and $462.08 million in revenue, with revenue up 11.6% year over year. The company also declared a quarterly dividend of $0.41 per share, a 1.2% annualized yield.

Allworth Financial LP purchased a new position in Sensient Technologies Corporation (NYSE:SXT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,026 shares of the specialty chemicals company's stock, valued at approximately $2,592,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SXT. Mountaineer Partners Management LLC bought a new position in Sensient Technologies in the 4th quarter worth approximately $11,001,000. Vaughan Nelson Investment Management L.P. bought a new stake in Sensient Technologies during the 1st quarter valued at $77,955,000. California State Teachers Retirement System raised its stake in Sensient Technologies by 26.4% during the 1st quarter. California State Teachers Retirement System now owns 43,777 shares of the specialty chemicals company's stock valued at $3,784,000 after acquiring an additional 9,146 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Sensient Technologies during the 4th quarter worth $962,000. Finally, Yost Capital Management LP boosted its position in Sensient Technologies by 51.4% during the 4th quarter. Yost Capital Management LP now owns 130,700 shares of the specialty chemicals company's stock worth $12,279,000 after acquiring an additional 44,400 shares during the period. Institutional investors and hedge funds own 90.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SXT shares. Rothschild & Co Redburn started coverage on Sensient Technologies in a report on Wednesday, July 8th. They set a "neutral" rating and a $125.00 price target on the stock. Robert W. Baird upped their price objective on shares of Sensient Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a report 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. UBS Group raised 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. Finally, Zacks Research upgraded shares of Sensient Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $140.00.

Sensient Technologies Trading Up 1.4%

Shares of SXT opened at $134.38 on Friday. The business's 50-day moving average price is $122.09 and its 200 day moving average price is $108.85. The stock has a market capitalization of $5.72 billion, a P/E ratio of 36.22 and a beta of 0.78. Sensient Technologies Corporation has a 1-year low of $82.60 and a 1-year high of $136.58. The company has a current ratio of 4.39, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 13.77% and a net margin of 9.27%.The business's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Analysts expect that Sensient Technologies Corporation will post 4.2 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.2%. Sensient Technologies's dividend payout ratio (DPR) is currently 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.

Sensient Technologies Company 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.

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