Tidal Investments LLC Buys Shares of 17,403 Sensient Technologies Corporation $SXT

Key Points

• Tidal Investments purchased 17,403 shares of Sensient Technologies worth approximately $2.15 million, while institutional investors collectively own 90.86% of the company.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $140; UBS and Robert W. Baird recently raised their targets to $155 and $140, respectively.
• Sensient reported quarterly EPS of $1.20, beating estimates by $0.17, while revenue rose 11.6% year over year to $462.08 million. The company also maintains a quarterly dividend of $0.41 per share, yielding about 1.3%.

Tidal Investments LLC bought a new stake in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,403 shares of the specialty chemicals company's stock, valued at approximately $2,146,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in Sensient Technologies during the 2nd quarter worth $818,403,000. Jupiter Topco LLC bought a new stake in Sensient Technologies in the 2nd quarter valued at about $211,264,000. Dimensional Fund Advisors LP boosted its stake in Sensient Technologies by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,046,850 shares of the specialty chemicals company's stock valued at $90,494,000 after purchasing an additional 22,793 shares during the period. Geode Capital Management LLC boosted its stake in Sensient Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,010,258 shares of the specialty chemicals company's stock valued at $94,930,000 after purchasing an additional 4,123 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Sensient Technologies in the 1st quarter worth about $77,955,000. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SXT has been the topic of several analyst reports. Robert W. Baird lifted their price target on Sensient Technologies from $125.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Zacks Research raised Sensient Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. UBS Group increased their price objective on Sensient Technologies from $143.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Weiss Ratings upgraded Sensient Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, September 11th. Finally, Rothschild & Co Redburn assumed coverage on 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 investment 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $140.00.

Insider Activity

In related news, Director Mario Ferruzzi sold 1,200 shares of the business's stock in a transaction that occurred 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 directly owned 7,352 shares in the company, valued at $951,936.96. The trade was a 14.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.

Sensient Technologies Stock Up 1.3%

SXT opened at $128.32 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39. The company has a market capitalization of $5.46 billion, a PE ratio of 34.59 and a beta of 0.80. The stock's fifty day moving average is $127.05 and its 200-day moving average is $113.76. Sensient Technologies Corporation has a one year low of $82.60 and a one year high of $138.82.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its earnings results 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 business had revenue of $462.08 million during the quarter, compared to analysts' expectations of $448.84 million. During the same quarter last year, the business posted $0.88 earnings per share. The company'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. On average, equities analysts predict that Sensient Technologies Corporation will post 4.2 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.64 annualized dividend and a dividend yield of 1.3%. Sensient Technologies's payout ratio 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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