Pictet Asset Management Holding SA Grows Position in Sensient Technologies Corporation $SXT

Pictet Asset Management Holding SA lifted its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 50.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 492,630 shares of the specialty chemicals company’s stock after purchasing an additional 164,976 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Sensient Technologies were worth $42,583,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System purchased a new stake in Sensient Technologies in the first quarter valued at approximately $1,625,000. Vaughan Nelson Investment Management L.P. purchased a new position in Sensient Technologies in the 1st quarter worth approximately $77,955,000. Invesco Ltd. increased its holdings in shares of Sensient Technologies by 15.8% in the 4th quarter. Invesco Ltd. now owns 478,262 shares of the specialty chemicals company’s stock worth $44,933,000 after buying an additional 65,244 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Sensient Technologies in the 4th quarter worth $178,000. Finally, SummitTX Capital L.P. raised its position in shares of Sensient Technologies by 3.9% during the 4th quarter. SummitTX Capital L.P. now owns 17,798 shares of the specialty chemicals company’s stock valued at $1,672,000 after buying an additional 660 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group reaffirmed a “buy” rating on shares of Sensient Technologies in a report on Monday, June 22nd. Zacks Research cut Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Weiss Ratings upgraded Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.00.

Insider Transactions at Sensient Technologies

In other news, VP Thierry Hoang sold 400 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $115.19, for a total transaction of $46,076.00. Following the transaction, the vice president directly owned 13,909 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

Sensient Technologies Stock Up 4.1%

Shares of SXT opened at $123.38 on Wednesday. The firm has a market cap of $5.25 billion, a P/E ratio of 36.39 and a beta of 0.80. The stock has a 50 day simple moving average of $115.51 and a two-hundred day simple moving average of $101.53. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.01 and a quick ratio of 1.97. Sensient Technologies Corporation has a 1 year low of $82.60 and a 1 year high of $129.35.

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, topping the consensus estimate of $0.80 by $0.24. The firm had revenue of $435.83 million for the quarter, compared to the consensus estimate of $411.39 million. Sensient Technologies had a net margin of 8.71% and a return on equity of 13.12%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. On average, analysts forecast that Sensient Technologies Corporation will post 3.9 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.64 annualized dividend and a yield of 1.3%. Sensient Technologies’s payout ratio is currently 48.38%.

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.