Key Points
- Insider sale: Sensient Technologies VP Thierry Hoang sold 400 shares on May 18 at an average price of $115.19, worth about $46,076. After the sale, he still held 13,909 shares.
- Strong quarterly results: The specialty chemicals company beat expectations with Q1 EPS of $1.04 versus $0.80 expected, and revenue of $435.83 million versus $411.39 million expected. Revenue rose 11.1% year over year.
- Analyst and dividend backdrop: UBS raised its price target to $143, and the stock now has a consensus Moderate Buy rating with an average target of $121. Sensient also announced a quarterly dividend of $0.41 per share, yielding about 1.4% annually.
Sensient Technologies Corporation (NYSE:SXT - Get Free Report) VP Thierry Hoang sold 400 shares of the business's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $115.19, for a total value of $46,076.00. Following the transaction, the vice president owned 13,909 shares in the company, valued at approximately $1,602,177.71. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Thierry Hoang also recently made the following trade(s):
- On Monday, May 4th, Thierry Hoang sold 439 shares of Sensient Technologies stock. The stock was sold at an average price of $114.15, for a total transaction of $50,111.85.
Sensient Technologies Stock Up 0.3%
Shares of NYSE SXT opened at $114.46 on Thursday. The company has a market capitalization of $4.87 billion, a P/E ratio of 33.76 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.01 and a quick ratio of 1.97. The company has a 50 day simple moving average of $100.12 and a 200-day simple moving average of $96.93. Sensient Technologies Corporation has a 1 year low of $82.60 and a 1 year high of $129.35.
Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly earnings data on Friday, April 24th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.24. The firm had revenue of $435.83 million during the quarter, compared to the consensus estimate of $411.39 million. Sensient Technologies had a return on equity of 13.12% and a net margin of 8.71%.The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company earned $0.86 EPS. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. On average, equities research analysts predict that Sensient Technologies Corporation will post 3.9 earnings per share for the current year.
Sensient Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, May 11th. This represents a $1.64 dividend on an annualized basis and a yield of 1.4%. Sensient Technologies's dividend payout ratio is 48.38%.
Analysts Set New Price Targets
SXT has been the topic of a number of research reports. Zacks Research upgraded shares of Sensient Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Weiss Ratings upgraded shares of Sensient Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, April 24th. Finally, UBS Group upped their price objective on Sensient Technologies from $115.00 to $143.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Sensient Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $121.00.
Read Our Latest Analysis on SXT
Institutional Trading of Sensient Technologies
A number of large investors have recently made changes to their positions in the company. MML Investors Services LLC raised its holdings in Sensient Technologies by 3.9% in the fourth quarter. MML Investors Services LLC now owns 3,146 shares of the specialty chemicals company's stock valued at $296,000 after acquiring an additional 119 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Sensient Technologies by 1.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,675 shares of the specialty chemicals company's stock worth $909,000 after acquiring an additional 130 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Sensient Technologies by 53.1% in the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company's stock valued at $38,000 after purchasing an additional 139 shares during the last quarter. Covestor Ltd increased its position in shares of Sensient Technologies by 31.7% in the 4th quarter. Covestor Ltd now owns 594 shares of the specialty chemicals company's stock valued at $56,000 after purchasing an additional 143 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in shares of Sensient Technologies by 3.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,500 shares of the specialty chemicals company's stock valued at $443,000 after purchasing an additional 146 shares in the last quarter. 90.86% of the stock is currently owned by hedge funds and other institutional investors.
Sensient Technologies Company Profile
(
Get Free Report)
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.
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