Sensient Technologies Corporation $SXT Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in shares of Sensient Technologies Corporation (NYSE:SXT) by 45.1% in the third quarter, HoldingsChannel reports. The fund owned 8,791 shares of the specialty chemicals company’s stock after selling 7,219 shares during the period. State of Alaska Department of Revenue’s holdings in Sensient Technologies were worth $1,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Moody National Bank Trust Division lifted its stake in shares of Sensient Technologies by 0.8% during the third quarter. Moody National Bank Trust Division now owns 12,555 shares of the specialty chemicals company’s stock valued at $1,641,000 after acquiring an additional 100 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Sensient Technologies in the second quarter valued at about $26,000. Silvant Capital Management LLC bought a new position in Sensient Technologies in the second quarter valued at about $27,000. GAMMA Investing LLC increased its position in Sensient Technologies by 35.2% in the second quarter. GAMMA Investing LLC now owns 938 shares of the specialty chemicals company’s stock worth $116,000 after purchasing an additional 244 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in Sensient Technologies in the second quarter worth about $36,000. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Stock Performance

Shares of Sensient Technologies stock opened at $135.33 on Wednesday. The firm has a fifty day moving average of $131.93 and a two-hundred day moving average of $120.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 36.48 and a beta of 0.84. 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 results 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 return on equity of 13.77% and a net margin of 9.27%. The business had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. During the same period last year, the company earned $0.88 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. As a group, equities research analysts predict that Sensient Technologies Corporation will post 4.20 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.64 annualized dividend and a yield of 1.2%. Sensient Technologies’s dividend payout ratio is presently 44.20%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Robert W. Baird boosted their price objective on Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Zacks Research lowered shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Weiss Ratings raised shares of Sensient Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Rothschild & Co Redburn began coverage on shares of Sensient Technologies in a research report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price target for the company. Finally, Wall Street Zen upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.67.

Insiders Place Their Bets

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

Sensient Technologies Company Profile

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.