Trillium Asset Management LLC Buys Shares of 35,628 Sensient Technologies Corporation $SXT

Trillium Asset Management LLC bought a new position in shares of Sensient Technologies Corporation (NYSE:SXT) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 35,628 shares of the specialty chemicals company’s stock, valued at approximately $4,393,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Sensient Technologies by 19.3% during the 1st quarter. Royal Bank of Canada now owns 4,952 shares of the specialty chemicals company’s stock valued at $369,000 after purchasing an additional 802 shares during the last quarter. AQR Capital Management LLC increased 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 purchasing an additional 4,496 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Sensient Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,091 shares of the specialty chemicals company’s stock valued at $1,868,000 after purchasing an additional 1,107 shares during the last quarter. Millennium Management LLC lifted its stake in Sensient Technologies by 112.1% in the 1st quarter. Millennium Management LLC now owns 115,042 shares of the specialty chemicals company’s stock valued at $8,563,000 after purchasing an additional 60,807 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in Sensient Technologies in the first quarter valued at approximately $201,000. Institutional investors own 90.86% of the company’s stock.

Analyst Ratings Changes

SXT has been the topic of a number of research reports. UBS Group boosted their target price on shares of Sensient Technologies from $143.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Robert W. Baird increased their price target on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Rothschild & Co Redburn began coverage on 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 upgraded Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $140.00.

Insider Activity at Sensient Technologies

In related news, Director Mario Ferruzzi sold 1,200 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total value of $155,376.00. Following the sale, the director owned 7,352 shares of the company’s stock, valued at $951,936.96. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Sensient Technologies Stock Down 0.6%

Shares of NYSE SXT opened at $132.39 on Friday. The company has a 50 day simple moving average of $121.89 and a 200 day simple moving average of $108.67. The firm has a market cap of $5.63 billion, a PE ratio of 35.68 and a beta of 0.78. Sensient Technologies Corporation has a 1 year low of $82.60 and a 1 year high of $136.58. 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 (NYSE:SXT) last posted its earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.03 by $0.17. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The business had revenue of $462.08 million for the quarter, compared to the consensus estimate of $448.84 million. During the same period last year, the company earned $0.88 EPS. The firm’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. On average, research analysts forecast that Sensient Technologies Corporation will post 4.2 EPS for the current 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 issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 3rd. Sensient Technologies’s payout ratio is 44.20%.

Sensient Technologies Company Profile

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.