Covea Finance Has $8.95 Million Stock Position in Sensient Technologies Corporation $SXT

Covea Finance lifted its position in Sensient Technologies Corporation (NYSE:SXT) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,300 shares of the specialty chemicals company’s stock after acquiring an additional 13,900 shares during the period. Covea Finance owned about 0.22% of Sensient Technologies worth $8,953,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SXT. JPMorgan Chase & Co. grew its position in Sensient Technologies by 47.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 98,683 shares of the specialty chemicals company’s stock worth $9,261,000 after purchasing an additional 31,777 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Sensient Technologies in the third quarter valued at $4,142,000. AIA Group Ltd acquired a new stake in shares of Sensient Technologies in the third quarter worth $1,844,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Sensient Technologies in the third quarter worth $423,000. Finally, Voss Capital LP grew its holdings in shares of Sensient Technologies by 200.0% during the third quarter. Voss Capital LP now owns 75,000 shares of the specialty chemicals company’s stock valued at $7,039,000 after buying an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Trading Down 3.5%

Shares of NYSE SXT opened at $82.97 on Friday. The business has a 50 day simple moving average of $94.47 and a 200 day simple moving average of $95.87. Sensient Technologies Corporation has a 52 week low of $67.79 and a 52 week high of $121.54. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 26.26 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 4.10.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, February 13th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.06). The business had revenue of $393.45 million for the quarter, compared to the consensus estimate of $395.70 million. Sensient Technologies had a net margin of 8.34% and a return on equity of 12.82%. Sensient Technologies’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. Sensient Technologies has set its FY 2026 guidance at 3.600-3.800 EPS. On average, research analysts predict that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 3rd were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, February 3rd. Sensient Technologies’s payout ratio is presently 51.90%.

Analyst Ratings Changes

Several research analysts recently weighed in on SXT shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday, December 29th. Zacks Research cut Sensient Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sensient Technologies presently has an average rating of “Hold” and a consensus target price of $110.00.

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.