Renaissance Technologies LLC decreased its holdings in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 54.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,100 shares of the specialty chemicals company's stock after selling 53,100 shares during the quarter. Renaissance Technologies LLC owned 0.10% of Sensient Technologies worth $3,812,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Morningstar Investment Management LLC boosted its position in Sensient Technologies by 5.7% during the first quarter. Morningstar Investment Management LLC now owns 5,369 shares of the specialty chemicals company's stock worth $464,000 after purchasing an additional 291 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Sensient Technologies by 16.1% in the first quarter. Public Employees Retirement System of Ohio now owns 33,192 shares of the specialty chemicals company's stock valued at $2,869,000 after buying an additional 4,615 shares in the last quarter. Gibbs Wealth Management boosted its holdings in shares of Sensient Technologies by 64.2% in the first quarter. Gibbs Wealth Management now owns 10,005 shares of the specialty chemicals company's stock valued at $865,000 after acquiring an additional 3,911 shares during the period. Sei Investments Co. boosted its stake in Sensient Technologies by 17.8% during the 1st quarter. Sei Investments Co. now owns 248,193 shares of the specialty chemicals company's stock worth $21,454,000 after purchasing an additional 37,451 shares during the period. Finally, Cetera Investment Advisers grew its position in Sensient Technologies by 16.4% during the 1st quarter. Cetera Investment Advisers now owns 4,302 shares of the specialty chemicals company's stock worth $372,000 after purchasing an additional 605 shares during the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.
Sensient Technologies Stock Performance
Shares of SXT stock opened at $129.75 on Friday. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 34.97 and a beta of 0.78. Sensient Technologies Corporation has a one year low of $82.60 and a one year high of $132.32. The company's 50-day simple moving average is $119.01 and its 200-day simple moving average is $106.35. 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 data 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 firm had revenue of $462.08 million during the quarter, compared to analyst estimates of $448.84 million. During the same period in the previous year, the company earned $0.88 earnings per share. Sensient Technologies's quarterly revenue was up 11.6% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Equities analysts anticipate 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. Shareholders of record on Monday, August 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Sensient Technologies's payout ratio is currently 44.20%.
Insider Buying and Selling at Sensient Technologies
In other news, Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total value of $155,376.00. Following the completion of the transaction, the director directly owned 7,352 shares of the company's stock, valued at approximately $951,936.96. The trade was a 14.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thierry Hoang sold 400 shares of the business's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $115.19, for a total transaction of $46,076.00. Following the sale, the vice president directly owned 13,909 shares of the company's stock, valued at approximately $1,602,177.71. This represents a 2.80% decrease in their position. The SEC filing for this sale provides additional information. 1.30% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on SXT. Zacks Research upgraded shares of Sensient Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Robert W. Baird boosted their target price on shares of Sensient Technologies from $125.00 to $140.00 and gave the company an "outperform" 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 research report on Thursday. UBS Group raised their price target 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. Finally, Rothschild & Co Redburn began coverage on Sensient Technologies in a report on Wednesday, July 8th. They issued a "neutral" rating and a $125.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $140.00.
Check Out Our Latest Analysis on SXT
Sensient Technologies Profile
(
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.
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