OneAscent Financial Services LLC Makes New Investment in Sensient Technologies Corporation $SXT

OneAscent Financial Services LLC acquired a new position in shares of Sensient Technologies Corporation (NYSE:SXT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,561 shares of the specialty chemicals company’s stock, valued at approximately $616,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in Sensient Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,010,258 shares of the specialty chemicals company’s stock worth $94,930,000 after acquiring an additional 4,123 shares in the last quarter. Congress Asset Management Co. grew its holdings in Sensient Technologies by 2.5% during the 4th quarter. Congress Asset Management Co. now owns 734,573 shares of the specialty chemicals company’s stock worth $69,013,000 after acquiring an additional 17,935 shares in the last quarter. Norges Bank acquired a new position in Sensient Technologies during the 4th quarter worth $49,867,000. Parsifal Capital Management LP acquired a new position in Sensient Technologies during the 3rd quarter worth $46,784,000. Finally, Invesco Ltd. grew its holdings in Sensient Technologies by 158.0% during the 3rd quarter. Invesco Ltd. now owns 413,018 shares of the specialty chemicals company’s stock worth $38,762,000 after acquiring an additional 252,922 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Trading Down 0.5%

NYSE SXT opened at $112.20 on Friday. Sensient Technologies Corporation has a one year low of $82.60 and a one year high of $129.35. The company has a 50-day simple moving average of $106.49 and a 200-day simple moving average of $98.63. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.97 and a current ratio of 5.01. The firm has a market capitalization of $4.78 billion, a PE ratio of 33.10 and a beta of 0.80.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Friday, April 24th. The specialty chemicals company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.80 by $0.24. Sensient Technologies had a net margin of 8.71% and a return on equity of 13.12%. The business had revenue of $435.83 million during the quarter, compared to analyst estimates of $411.39 million. During the same period in the previous year, the business posted $0.86 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. On average, equities analysts forecast that Sensient Technologies Corporation will post 3.9 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, May 11th. Sensient Technologies’s payout ratio is presently 48.38%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Zacks Research raised shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. UBS Group lifted their price target on shares of Sensient Technologies from $115.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings raised shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Sensient Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

Insider Transactions at Sensient Technologies

In other Sensient Technologies news, VP Thierry Hoang sold 439 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $114.15, for a total transaction of $50,111.85. Following the completion of the transaction, the vice president directly owned 14,309 shares of the company’s stock, valued at $1,633,372.35. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

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.