Sensient Technologies Corporation $SXT Shares Bought by Beaconlight Capital LLC

Key Points

• Beaconlight Capital increased its Sensient Technologies stake by 78.6% in the second quarter, holding 221,811 shares valued at approximately $27.3 million. Institutional investors collectively own 90.86% of the company.
• Analyst sentiment is broadly positive, with an average “Buy” rating and a $140 price target; UBS raised its target to $155 and Robert W. Baird to $140.
• Sensient exceeded quarterly expectations, reporting $1.20 in earnings per share and $462.1 million in revenue, while revenue rose 11.6% year over year. The company also declared a quarterly dividend of $0.41 per share, implying a 1.2% yield.

Beaconlight Capital LLC increased its holdings in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 78.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,811 shares of the specialty chemicals company's stock after buying an additional 97,629 shares during the quarter. Sensient Technologies accounts for about 9.7% of Beaconlight Capital LLC's portfolio, making the stock its largest position. Beaconlight Capital LLC owned approximately 0.52% of Sensient Technologies worth $27,347,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SXT. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sensient Technologies during the second quarter worth about $26,000. Silvant Capital Management LLC acquired a new stake in Sensient Technologies during the 2nd quarter valued at approximately $27,000. Farther Finance Advisors LLC boosted its holdings in shares of Sensient Technologies by 313.5% in the 4th quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 232 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Sensient Technologies in the second quarter worth $36,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Sensient Technologies by 53.1% in the fourth quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company's stock worth $38,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 90.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Rothschild & Co Redburn initiated coverage on shares of Sensient Technologies in a report on Wednesday, July 8th. They issued a "neutral" rating and a $125.00 price target on the stock. Zacks Research raised Sensient Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Robert W. Baird upped their target price on Sensient Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Weiss Ratings lowered Sensient Technologies from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday. Finally, UBS Group lifted their price target on Sensient Technologies from $143.00 to $155.00 and gave the company a "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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $140.00.

Sensient Technologies Price Performance

NYSE:SXT opened at $134.87 on Monday. Sensient Technologies Corporation has a 52 week low of $82.60 and a 52 week high of $138.82. The company has a quick ratio of 1.72, a current ratio of 4.39 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $5.74 billion, a PE ratio of 36.35 and a beta of 0.78. The stock's 50-day moving average price is $124.29 and its 200-day moving average price is $110.35.

Sensient Technologies (NYSE:SXT - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share 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 company had revenue of $462.08 million during the quarter, compared to analysts' expectations of $448.84 million. During the same quarter in the prior year, the firm posted $0.88 EPS. Sensient Technologies'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, equities analysts expect that Sensient Technologies Corporation will post 4.2 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.2%. Sensient Technologies's dividend payout ratio (DPR) is 44.20%.

Insider Transactions at Sensient Technologies

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

Sensient Technologies 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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