Corient Private Wealth LP Buys 14,032 Shares of Sensient Technologies Corporation $SXT

Key Points

• Corient Private Wealth LP increased its Sensient Technologies stake by 271.5% in the second quarter, adding 14,032 shares to own 19,201 shares valued at $2.37 million. Institutional investors collectively own 90.86% of the company.
• Analyst sentiment is broadly positive: Sensient has a consensus “Buy” rating and a $140 price target, with UBS raising its target to $155 and Robert W. Baird to $140.
• Sensient reported stronger-than-expected quarterly results, with EPS of $1.20 versus a $1.03 estimate and revenue up 11.6% year over year to $462.08 million. The company also pays a $0.41 quarterly dividend, yielding approximately 1.3% annually.

Corient Private Wealth LP increased its position in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 271.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,201 shares of the specialty chemicals company's stock after acquiring an additional 14,032 shares during the period. Corient Private Wealth LP's holdings in Sensient Technologies were worth $2,367,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System grew its position in shares of 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 during the period. Mountaineer Partners Management LLC bought a new position in Sensient Technologies in the 4th quarter worth $11,001,000. Vaughan Nelson Investment Management L.P. purchased a new position in Sensient Technologies during the first quarter valued at $77,955,000. Fox Run Management L.L.C. bought a new stake in Sensient Technologies during the fourth quarter valued at about $962,000. Finally, Yost Capital Management LP grew its holdings in Sensient Technologies by 51.4% during the fourth quarter. Yost Capital Management LP now owns 130,700 shares of the specialty chemicals company's stock valued at $12,279,000 after purchasing an additional 44,400 shares during the period. Institutional investors own 90.86% of the company's stock.

Insider Transactions at Sensient Technologies

In other news, Director Mario Ferruzzi sold 1,200 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $951,936.96. This represents a 14.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SXT. Zacks Research raised Sensient Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Weiss Ratings raised shares of Sensient Technologies from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, September 11th. Robert W. Baird raised 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. UBS Group upped their price target on shares of Sensient Technologies from $143.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Finally, Rothschild & Co Redburn initiated coverage on shares of Sensient Technologies in a research note on Wednesday, July 8th. They set a "neutral" rating and a $125.00 target price on the stock. One 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 stock has a consensus rating of "Buy" and a consensus price target of $140.00.

Sensient Technologies Price Performance

Shares of NYSE:SXT opened at $130.95 on Wednesday. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 35.30 and a beta of 0.80. The firm has a fifty day moving average price of $128.18 and a 200 day moving average price of $114.63. Sensient Technologies Corporation has a fifty-two week low of $82.60 and a fifty-two week high of $138.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39.

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

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, August 3rd. Sensient Technologies's dividend payout ratio (DPR) is currently 44.20%.

Sensient Technologies Company Profile

Sensient Technologies Corporation NYSE: SXT develops and manufactures colors, flavors, fragrances, and other specialty ingredients used by food, beverage, pharmaceutical, personal care, and industrial customers. Its products are designed to improve the taste, appearance, aroma, and performance of consumer and commercial goods.

The company's principal offerings include natural and synthetic food and beverage colors, flavor systems and extracts, botanical ingredients, pharmaceutical colors, and colors and fragrances for cosmetics, personal care products, and other applications.

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