Sensient Technologies Corporation $SXT Stock: State of Alaska Department of Revenue Decreases Holdings

State of Alaska Department of Revenue lowered its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 45.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,791 shares of the specialty chemicals company’s stock after selling 7,219 shares during the period. State of Alaska Department of Revenue’s holdings in Sensient Technologies were worth $1,148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Sensient Technologies during the 2nd quarter worth about $818,403,000. Jupiter Topco LLC bought a new stake in Sensient Technologies during the second quarter worth about $211,264,000. Bank of New York Mellon Corp bought a new stake in Sensient Technologies during the second quarter worth about $47,173,000. Ceredex Value Advisors LLC acquired a new stake in shares of Sensient Technologies during the second quarter worth approximately $40,174,000. Finally, Moore Capital Management LP acquired a new stake in shares of Sensient Technologies during the second quarter worth approximately $34,370,000. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

Sensient Technologies stock opened at $135.33 on Wednesday. The stock has a 50-day simple moving average of $131.93 and a 200 day simple moving average of $120.63. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 36.48 and a beta of 0.84. The company has a quick ratio of 1.72, a current ratio of 4.39 and a debt-to-equity ratio of 0.61. Sensient Technologies Corporation has a 12-month low of $82.60 and a 12-month high of $138.82.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, July 24th. The specialty chemicals company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. The firm had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. On average, research analysts anticipate that Sensient Technologies Corporation will post 4.20 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SXT shares. Zacks Research cut shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. UBS Group increased their price target on Sensient Technologies from $155.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Weiss Ratings upgraded Sensient Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Robert W. Baird raised 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. Finally, Wall Street Zen upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.67.

Insider Activity

In other news, Director Mario Ferruzzi sold 1,200 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.

Sensient Technologies Company Profile

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.