Bank of New York Mellon Corp Sells 10,403 Shares of Sensient Technologies Corporation $SXT

Bank of New York Mellon Corp cut its holdings in shares of Sensient Technologies Corporation (NYSE:SXTFree Report) by 2.2% during the 1st quarter, HoldingsChannel reports. The fund owned 456,091 shares of the specialty chemicals company’s stock after selling 10,403 shares during the quarter. Bank of New York Mellon Corp’s holdings in Sensient Technologies were worth $39,425,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Salomon & Ludwin LLC boosted its position in Sensient Technologies by 146.2% during the fourth quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 174 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Sensient Technologies by 313.5% in the 4th quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 232 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Sensient Technologies during the 4th quarter valued at about $33,000. Advisors Asset Management Inc. grew its position in Sensient Technologies by 53.1% during the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 139 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Sensient Technologies during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Insider Buying and Selling at Sensient Technologies

In related news, VP Thierry Hoang sold 400 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $115.19, for a total transaction of $46,076.00. Following the completion of the transaction, the vice president owned 13,909 shares of the company’s stock, valued at $1,602,177.71. This trade represents a 2.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

Sensient Technologies Stock Up 8.3%

Shares of Sensient Technologies stock opened at $126.78 on Friday. Sensient Technologies Corporation has a 1 year low of $82.60 and a 1 year high of $129.35. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 34.17 and a beta of 0.78. The company has a 50-day moving average of $116.74 and a 200 day moving average of $104.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.01 and a quick ratio of 1.97.

Sensient Technologies (NYSE:SXTGet Free Report) last announced 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 net margin of 8.71% and a return on equity of 13.12%. The business had revenue of $462.08 million for the quarter, compared to analysts’ expectations of $448.84 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. 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 4.15 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Sensient Technologies’s payout ratio is currently 48.38%.

Key Headlines Impacting Sensient Technologies

Here are the key news stories impacting Sensient Technologies this week:

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Sensient Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Zacks Research lowered shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Rothschild & Co Redburn started coverage on shares of Sensient Technologies in a research note on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective for the company. Finally, UBS Group reiterated a “buy” rating on shares of Sensient Technologies in a report on Monday, June 22nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Sensient Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $134.00.

Get Our Latest Stock Report on SXT

Sensient Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sensient Technologies (NYSE:SXT)

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