Sensient Technologies Corporation $SXT Stake Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC cut its stake in Sensient Technologies Corporation (NYSE:SXT) by 54.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,100 shares of the specialty chemicals company’s stock after selling 53,100 shares during the period. Renaissance Technologies LLC’s holdings in Sensient Technologies were worth $3,812,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SXT. MML Investors Services LLC grew its stake in Sensient Technologies by 3.9% during the 4th quarter. MML Investors Services LLC now owns 3,146 shares of the specialty chemicals company’s stock valued at $296,000 after acquiring an additional 119 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Sensient Technologies by 1.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,675 shares of the specialty chemicals company’s stock worth $909,000 after purchasing an additional 130 shares in the last quarter. Advisors Asset Management Inc. lifted its position 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 purchasing an additional 139 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Sensient Technologies by 31.7% during the fourth quarter. Covestor Ltd now owns 594 shares of the specialty chemicals company’s stock worth $56,000 after purchasing an additional 143 shares during the period. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Sensient Technologies by 3.4% during the second quarter. Evergreen Capital Management LLC now owns 4,500 shares of the specialty chemicals company’s stock worth $443,000 after purchasing an additional 146 shares during the period. 90.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SXT shares. UBS Group upped their price objective 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. Zacks Research raised shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Rothschild & Co Redburn assumed coverage on shares of Sensient Technologies in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 price target on the stock. Finally, Robert W. Baird increased their price objective on Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. One equities 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $140.00.

Insiders Place Their Bets

In related news, VP Thierry Hoang sold 400 shares of Sensient Technologies stock in a transaction on Monday, May 18th. The shares were sold at an average price of $115.19, for a total value of $46,076.00. Following the completion of the sale, the vice president owned 13,909 shares of the company’s stock, valued at approximately $1,602,177.71. The trade was a 2.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mario Ferruzzi sold 1,200 shares of the company’s 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 sale, the director 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 disclosure for this sale is available in the SEC filing. 1.30% of the stock is currently owned by company insiders.

Sensient Technologies Trading Up 1.0%

Shares of NYSE SXT opened at $129.75 on Friday. The business has a 50 day simple moving average of $119.01 and a 200 day simple moving average of $106.35. Sensient Technologies Corporation has a 52 week low of $82.60 and a 52 week high of $132.32. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 34.97 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data 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. 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 for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. On average, research analysts predict that Sensient Technologies Corporation will post 4.2 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.64 annualized dividend and a dividend yield of 1.3%. Sensient Technologies’s dividend payout ratio is 44.20%.

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.