Bessemer Group Inc. Raises Stock Holdings in Sensient Technologies Corporation $SXT

Bessemer Group Inc. raised its position in shares of Sensient Technologies Corporation (NYSE:SXT) by 1,599.6% during the 4th quarter, Holdings Channel reports. The fund owned 111,458 shares of the specialty chemicals company’s stock after purchasing an additional 104,900 shares during the period. Bessemer Group Inc.’s holdings in Sensient Technologies were worth $10,472,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SXT. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sensient Technologies during the third quarter worth $1,324,000. Tudor Investment Corp ET AL purchased a new stake in shares of Sensient Technologies during the third quarter worth $4,142,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Sensient Technologies during the third quarter worth $5,497,000. Western Standard LLC purchased a new stake in shares of Sensient Technologies during the third quarter worth $3,233,000. Finally, Yost Capital Management LP grew its holdings in shares of Sensient Technologies by 43.8% during the third quarter. Yost Capital Management LP now owns 86,300 shares of the specialty chemicals company’s stock worth $8,099,000 after buying an additional 26,300 shares in the last quarter. 90.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. UBS Group upped their target price on shares of Sensient Technologies from $115.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Zacks Research raised shares of Sensient Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $121.00.

Insider Activity

In other news, VP Thierry Hoang sold 439 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $114.15, for a total transaction of $50,111.85. Following the sale, the vice president owned 14,309 shares of the company’s stock, valued at approximately $1,633,372.35. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Trading Up 0.0%

NYSE SXT opened at $113.94 on Monday. The stock has a market capitalization of $4.85 billion, a P/E ratio of 33.61 and a beta of 0.81. Sensient Technologies Corporation has a 12 month low of $82.60 and a 12 month high of $129.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.01 and a quick ratio of 1.97. The firm’s 50-day moving average is $98.80 and its two-hundred day moving average is $96.45.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, April 24th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.24. The business had revenue of $435.83 million for the quarter, compared to analysts’ expectations of $411.39 million. Sensient Technologies had a net margin of 8.71% and a return on equity of 13.12%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. On average, sell-side analysts anticipate that Sensient Technologies Corporation will post 3.9 earnings per share for the current year.

Sensient Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, May 11th. Sensient Technologies’s dividend payout ratio is currently 48.38%.

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.