Fifth Third Bancorp Increases Stock Holdings in Sensient Technologies Corporation $SXT

Fifth Third Bancorp increased its stake in shares of Sensient Technologies Corporation (NYSE:SXTFree Report) by 2,970.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 10,561 shares of the specialty chemicals company’s stock after acquiring an additional 10,217 shares during the period. Fifth Third Bancorp’s holdings in Sensient Technologies were worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Sensient Technologies during the first quarter valued at approximately $77,955,000. Norges Bank acquired a new stake in Sensient Technologies during the 4th quarter valued at $49,867,000. Parsifal Capital Management LP acquired a new stake in Sensient Technologies during the 3rd quarter valued at $46,784,000. J. Goldman & Co LP purchased a new stake in Sensient Technologies during the 4th quarter worth $35,336,000. Finally, Pictet Asset Management Holding SA increased its stake in Sensient Technologies by 5,807.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 327,654 shares of the specialty chemicals company’s stock worth $30,783,000 after buying an additional 322,108 shares during the period. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SXT. UBS Group reissued a “buy” rating on shares of Sensient Technologies in a research report on Monday, June 22nd. Zacks Research lowered Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Weiss Ratings upgraded Sensient Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Rothschild & Co Redburn began coverage on Sensient Technologies in a report on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 price target for the company. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.00.

Read Our Latest Stock Report on Sensient Technologies

Sensient Technologies News Roundup

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

Sensient Technologies Trading Down 0.0%

SXT opened at $126.78 on Monday. The stock has a market capitalization of $5.40 billion, a PE ratio of 34.17 and a beta of 0.78. The firm’s fifty day moving average price is $116.74 and its 200 day moving average price is $104.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.39 and a quick ratio of 1.72. Sensient Technologies Corporation has a 12-month low of $82.60 and a 12-month high of $129.35.

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 the consensus estimate of $1.03 by $0.17. The company had revenue of $462.08 million during 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 firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. As a group, research analysts expect that Sensient Technologies Corporation will post 4.15 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

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 dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.64 annualized dividend and a dividend yield of 1.3%. Sensient Technologies’s dividend payout ratio (DPR) is presently 48.38%.

Insider Buying and Selling

In related news, VP Thierry Hoang sold 439 shares of Sensient Technologies stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $114.15, for a total value of $50,111.85. Following the completion of the transaction, the vice president directly owned 14,309 shares in the company, valued at approximately $1,633,372.35. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

About Sensient Technologies

(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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