Commerce Bank Purchases Shares of 3,820 Sensient Technologies Corporation $SXT

Commerce Bank purchased a new position in Sensient Technologies Corporation (NYSE:SXT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,820 shares of the specialty chemicals company’s stock, valued at approximately $471,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Sensient Technologies by 19.3% in the first quarter. Royal Bank of Canada now owns 4,952 shares of the specialty chemicals company’s stock worth $369,000 after purchasing an additional 802 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Sensient Technologies by 103.2% in the first quarter. AQR Capital Management LLC now owns 8,852 shares of the specialty chemicals company’s stock worth $647,000 after buying an additional 4,496 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sensient Technologies by 4.6% during the first 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 buying an additional 1,107 shares during the last quarter. Millennium Management LLC boosted its stake in Sensient Technologies by 112.1% during the first quarter. Millennium Management LLC now owns 115,042 shares of the specialty chemicals company’s stock valued at $8,563,000 after buying an additional 60,807 shares during the last quarter. Finally, United Services Automobile Association bought a new position in Sensient Technologies during the first quarter valued at approximately $201,000. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Down 2.3%

Shares of SXT opened at $133.83 on Friday. 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 business has a fifty day moving average of $123.86 and a 200 day moving average of $110.11. The company has a market cap of $5.70 billion, a PE ratio of 36.07 and a beta of 0.78. Sensient Technologies Corporation has a 52-week low of $82.60 and a 52-week high of $138.82.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $448.84 million. During the same quarter in the previous year, the business posted $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. On average, sell-side analysts expect that Sensient Technologies Corporation will post 4.2 EPS for the current year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.2%. Sensient Technologies’s payout ratio is currently 44.20%.

Analyst Ratings Changes

A number of analysts have issued reports on SXT shares. Rothschild & Co Redburn began coverage on Sensient Technologies in a research note on Wednesday, July 8th. They issued 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. Robert W. Baird increased their target price on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Weiss Ratings lowered shares of Sensient Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, UBS Group boosted their price target on shares of Sensient Technologies from $143.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $140.00.

Insider Buying and Selling

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

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.