Bank of America Corp DE Sells 61,240 Shares of Sensient Technologies Corporation $SXT

Key Points

• Bank of America reduced its Sensient Technologies position by 19.3% in the first quarter, selling 61,240 shares and retaining 256,406 shares valued at approximately $22.2 million. Institutional investors collectively own 90.86% of the company.
• Sensient reported quarterly EPS of $1.20, exceeding estimates of $1.03, while revenue rose 11.6% year over year to $462.1 million. The company maintained fiscal 2026 EPS guidance of $4.10–$4.20.
• Analyst sentiment remains positive, with a consensus “Buy” rating and a $140 price target; UBS recently raised its target to $155. Sensient also declared a quarterly dividend of $0.41 per share, representing a 1.3% annualized yield.

Bank of America Corp DE decreased its position in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 19.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 256,406 shares of the specialty chemicals company's stock after selling 61,240 shares during the period. Bank of America Corp DE owned about 0.60% of Sensient Technologies worth $22,164,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SXT. MML Investors Services LLC boosted its holdings in shares of Sensient Technologies by 3.9% during the fourth quarter. MML Investors Services LLC now owns 3,146 shares of the specialty chemicals company's stock worth $296,000 after purchasing an additional 119 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Sensient Technologies by 1.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,675 shares of the specialty chemicals company's stock valued at $909,000 after purchasing an additional 130 shares during the period. Advisors Asset Management Inc. increased its holdings in 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 purchasing an additional 139 shares during the period. Covestor Ltd raised its position in Sensient Technologies by 31.7% during the 4th quarter. Covestor Ltd now owns 594 shares of the specialty chemicals company's stock valued at $56,000 after purchasing an additional 143 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in Sensient Technologies by 3.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,500 shares of the specialty chemicals company's stock worth $443,000 after buying an additional 146 shares during the period. 90.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sensient Technologies

In related news, Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total value of $155,376.00. Following the completion of the sale, the director directly owned 7,352 shares in the company, valued at approximately $951,936.96. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on SXT. Weiss Ratings raised Sensient Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 6th. 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. Zacks Research raised shares of Sensient Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Rothschild & Co Redburn began coverage on shares of Sensient Technologies in a research report on Wednesday, July 8th. They set a "neutral" rating and a $125.00 price target on the stock. Finally, UBS Group increased their price target on shares of Sensient Technologies from $143.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $140.00.

Sensient Technologies Stock Performance

SXT stock opened at $130.25 on Wednesday. The stock's 50 day simple moving average is $121.46 and its 200 day simple moving average is $108.14. 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 Corporation has a 12-month low of $82.60 and a 12-month high of $136.58. The stock has a market capitalization of $5.54 billion, a PE ratio of 35.11 and a beta of 0.78.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.17. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%.The business had revenue of $462.08 million during the quarter, compared to analyst estimates of $448.84 million. During the same quarter last year, the company earned $0.88 EPS. The company'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, research analysts forecast that Sensient Technologies Corporation will post 4.2 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.64 annualized dividend and a dividend yield of 1.3%. Sensient Technologies's dividend payout ratio (DPR) is 44.20%.

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.

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