Park West Asset Management LLC Takes $21.66 Million Position in Sensient Technologies Corporation $SXT

Park West Asset Management LLC purchased a new position in Sensient Technologies Corporation (NYSE:SXT) in the second quarter, Holdings Channel reports. The fund purchased 175,695 shares of the specialty chemicals company’s stock, valued at approximately $21,661,000. Sensient Technologies accounts for approximately 1.5% of Park West Asset Management LLC’s portfolio, making the stock its 28th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Sensient Technologies in the 2nd quarter valued at approximately $818,403,000. Jupiter Topco LLC purchased a new position in shares of Sensient Technologies during the 2nd quarter valued at $211,264,000. Dimensional Fund Advisors LP raised its holdings in shares of Sensient Technologies by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,046,850 shares of the specialty chemicals company’s stock worth $90,494,000 after acquiring an additional 22,793 shares in the last quarter. Geode Capital Management LLC boosted its position in Sensient Technologies by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,010,258 shares of the specialty chemicals company’s stock valued at $94,930,000 after purchasing an additional 4,123 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Sensient Technologies during the first quarter valued at $77,955,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sensient Technologies

In other news, Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total value of $155,376.00. Following the transaction, the director directly owned 7,352 shares in the company, valued at approximately $951,936.96. The trade was a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SXT. Weiss Ratings raised Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Rothschild & Co Redburn started coverage on shares of Sensient Technologies in a research report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective on the stock. Zacks Research raised shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. UBS Group lifted 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. Finally, Robert W. Baird raised their target price on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, July 27th. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $140.00.

Sensient Technologies Trading Up 0.2%

NYSE:SXT opened at $137.11 on Thursday. Sensient Technologies Corporation has a 12 month low of $82.60 and a 12 month high of $138.82. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 36.96 and a beta of 0.78. The company has a quick ratio of 1.72, a current ratio of 4.39 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $123.44 and its 200-day moving average is $109.85.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share (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 during the quarter, compared to the consensus estimate of $448.84 million. During the same period in the prior year, the firm earned $0.88 EPS. Sensient Technologies’s quarterly 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. Equities analysts anticipate that Sensient Technologies Corporation will post 4.2 EPS for the current year.

Sensient Technologies Announces Dividend

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 given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 3rd. Sensient Technologies’s dividend payout ratio (DPR) is currently 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.