Mario Ferruzzi Sells 1,200 Shares of Sensient Technologies (NYSE:SXT) Stock

Sensient Technologies Corporation (NYSE:SXT) Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total transaction of $155,376.00. Following the completion of the transaction, the director directly owned 7,352 shares in the company, valued at $951,936.96. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sensient Technologies Stock Down 1.2%

Shares of SXT traded down $1.57 during midday trading on Thursday, hitting $128.66. 253,354 shares of the company’s stock traded hands, compared to its average volume of 418,776. Sensient Technologies Corporation has a 1 year low of $82.60 and a 1 year high of $132.33. The firm’s fifty day moving average is $118.45 and its 200-day moving average is $105.96. The company has a current ratio of 4.39, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 34.68 and a beta of 0.78.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data 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 firm had revenue of $462.08 million during the quarter, compared to analysts’ expectations of $448.84 million. During the same quarter last year, the firm earned $0.88 EPS. The business’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. As a group, sell-side analysts anticipate that Sensient Technologies Corporation will post 4.2 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Sensient Technologies’s dividend payout ratio (DPR) is currently 44.20%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SXT. Rothschild & Co Redburn began coverage on shares of Sensient Technologies in a report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective on the stock. Zacks Research raised shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. UBS Group upped their price target on shares of Sensient Technologies from $143.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Weiss Ratings raised shares of Sensient Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Finally, Robert W. Baird lifted their price objective on shares of Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note 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 given a Hold rating to the stock. According to MarketBeat.com, Sensient Technologies presently has an average rating of “Buy” and an average price target of $140.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SXT. Royal Bank of Canada lifted its holdings in shares of Sensient Technologies by 19.3% during the first quarter. Royal Bank of Canada now owns 4,952 shares of the specialty chemicals company’s stock worth $369,000 after purchasing an additional 802 shares during the period. AQR Capital Management LLC raised its position in Sensient Technologies by 103.2% during the 1st quarter. AQR Capital Management LLC now owns 8,852 shares of the specialty chemicals company’s stock worth $647,000 after buying an additional 4,496 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sensient Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,091 shares of the specialty chemicals company’s stock worth $1,868,000 after buying an additional 1,107 shares during the last quarter. Millennium Management LLC lifted its stake in Sensient Technologies by 112.1% during the 1st quarter. Millennium Management LLC now owns 115,042 shares of the specialty chemicals company’s stock valued at $8,563,000 after acquiring an additional 60,807 shares during the period. Finally, United Services Automobile Association purchased a new stake in shares of Sensient Technologies in the 1st quarter valued at $201,000. 90.86% of the stock is owned by institutional investors and hedge funds.

About Sensient Technologies

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.