Cibc World Market Inc. Buys New Position in Sensient Technologies Corporation $SXT

Cibc World Market Inc. bought a new stake in shares of Sensient Technologies Corporation (NYSE:SXT) in the second quarter, HoldingsChannel reports. The institutional investor bought 5,984 shares of the specialty chemicals company’s stock, valued at approximately $738,000.

Several other institutional investors have also added to or reduced their stakes in SXT. Commerce Bank bought a new position in Sensient Technologies in the 2nd quarter worth $471,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Sensient Technologies in the second quarter worth about $148,000. Quantbot Technologies LP purchased a new position in shares of Sensient Technologies during the 2nd quarter valued at about $1,136,000. Heartland Advisors Inc. purchased a new position in shares of Sensient Technologies during the 2nd quarter valued at about $7,989,000. Finally, OneAscent Financial Services LLC bought a new position in shares of Sensient Technologies during the 2nd quarter valued at approximately $549,000. 90.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Sensient Technologies 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 in the company, valued at $951,936.96. The trade was a 14.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Sensient Technologies Trading Down 2.3%

Shares of SXT opened at $133.83 on Friday. 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 Corporation has a 1 year low of $82.60 and a 1 year high of $138.82. The company has a 50 day simple moving average of $123.86 and a two-hundred day simple moving average of $110.11. The firm has a market cap of $5.70 billion, a P/E ratio of 36.07 and a beta of 0.78.

Sensient Technologies (NYSE:SXT) last released 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 firm had revenue of $462.08 million for the quarter, compared to the consensus estimate of $448.84 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The company’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. On average, equities analysts expect that Sensient Technologies Corporation will post 4.2 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SXT shares. Robert W. Baird increased their target price on shares of Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. UBS Group upped 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. Weiss Ratings lowered shares of Sensient Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Rothschild & Co Redburn started coverage on shares of Sensient Technologies in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 price objective for the company. Finally, Zacks Research upgraded shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Sensient Technologies currently has a consensus rating of “Buy” and a consensus target price of $140.00.

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.