Reynders McVeigh Capital Management LLC Takes Position in Sensient Technologies Corporation $SXT

Reynders McVeigh Capital Management LLC acquired a new position in Sensient Technologies Corporation (NYSE:SXT) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 86,526 shares of the specialty chemicals company’s stock, valued at approximately $10,668,000.

Several other large investors have also modified their holdings of the company. Mountaineer Partners Management LLC bought a new position in Sensient Technologies in the 4th quarter worth $11,001,000. California State Teachers Retirement System boosted its holdings in Sensient Technologies by 26.4% during the first quarter. California State Teachers Retirement System now owns 43,777 shares of the specialty chemicals company’s stock valued at $3,784,000 after acquiring an additional 9,146 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Sensient Technologies in the first quarter valued at about $77,955,000. Fox Run Management L.L.C. acquired a new stake in shares of Sensient Technologies in the fourth quarter valued at about $962,000. Finally, Yost Capital Management LP increased its stake in shares of Sensient Technologies by 51.4% in the fourth quarter. Yost Capital Management LP now owns 130,700 shares of the specialty chemicals company’s stock worth $12,279,000 after purchasing an additional 44,400 shares during the period. 90.86% of the stock is owned by institutional investors.

Sensient Technologies Price Performance

Shares of NYSE SXT traded up $0.23 during midday trading on Tuesday, reaching $126.78. 316,928 shares of the company traded hands, compared to its average volume of 402,209. The stock’s 50-day simple moving average is $126.81 and its 200-day simple moving average is $113.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39. Sensient Technologies Corporation has a 12 month low of $82.60 and a 12 month high of $138.82. The firm has a market cap of $5.40 billion, a PE ratio of 34.17 and a beta of 0.80.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. The business had revenue of $462.08 million during the quarter, compared to analysts’ expectations of $448.84 million. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. As a group, equities analysts anticipate that Sensient Technologies Corporation will post 4.2 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd were paid a $0.41 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.3%. Sensient Technologies’s payout ratio is 44.20%.

Insider Activity at Sensient Technologies

In related news, Director Mario Ferruzzi sold 1,200 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total transaction of $155,376.00. Following the sale, the director directly owned 7,352 shares in the company, valued at $951,936.96. This represents a 14.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings upgraded Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Zacks Research upgraded Sensient Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Robert W. Baird increased their price objective on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. UBS Group raised their price objective on shares of Sensient Technologies from $143.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Rothschild & Co Redburn began coverage on Sensient Technologies in a research note on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $140.00.

About Sensient Technologies

Sensient Technologies Corporation (NYSE:SXT) develops and manufactures colors, flavors, fragrances, and other specialty ingredients used by food, beverage, pharmaceutical, personal care, and industrial customers. Its products are designed to improve the taste, appearance, aroma, and performance of consumer and commercial goods.

The company’s principal offerings include natural and synthetic food and beverage colors, flavor systems and extracts, botanical ingredients, pharmaceutical colors, and colors and fragrances for cosmetics, personal care products, and other applications.