Sensient Technologies Corporation $SXT Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 21.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 16,688 shares of the specialty chemicals company’s stock after selling 4,615 shares during the quarter. Royal Bank of Canada’s holdings in Sensient Technologies were worth $1,443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC acquired a new stake in shares of Sensient Technologies in the 4th quarter worth $11,001,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Sensient Technologies during the 1st quarter worth $77,955,000. Fox Run Management L.L.C. acquired a new position in shares of Sensient Technologies during the 4th quarter valued at about $962,000. Yost Capital Management LP boosted its position in shares of Sensient Technologies by 51.4% during the 4th quarter. Yost Capital Management LP now owns 130,700 shares of the specialty chemicals company’s stock valued at $12,279,000 after acquiring an additional 44,400 shares during the last quarter. Finally, Owls Nest Partners IA LLC purchased a new stake in shares of Sensient Technologies in the fourth quarter valued at about $19,297,000. Institutional investors and hedge funds own 90.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SXT shares. 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 objective for the company. Weiss Ratings upgraded shares of Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 6th. UBS Group increased their price target on shares of Sensient Technologies from $143.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Robert W. Baird raised their price target 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. Finally, Zacks Research upgraded shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One 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.com, the stock presently has an average rating of “Buy” and an average target price of $140.00.

Sensient Technologies Stock Performance

Shares of Sensient Technologies stock opened at $132.85 on Thursday. The firm has a market cap of $5.65 billion, a PE ratio of 35.81 and a beta of 0.78. The company has a quick ratio of 1.72, a current ratio of 4.39 and a debt-to-equity ratio of 0.61. Sensient Technologies Corporation has a 52 week low of $82.60 and a 52 week high of $136.58. The business’s fifty day simple moving average is $121.73 and its 200-day simple moving average is $108.40.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data 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 firm had revenue of $462.08 million during the quarter, compared to the consensus estimate of $448.84 million. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%.The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Equities analysts forecast that Sensient Technologies Corporation will post 4.2 earnings per share for the current 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 given a dividend of $0.41 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.2%. Sensient Technologies’s dividend payout ratio (DPR) is currently 44.20%.

Insider Activity

In other news, Director Mario Ferruzzi sold 1,200 shares of the business’s stock in a transaction that occurred 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 directly owned 7,352 shares of the company’s stock, valued at approximately $951,936.96. The trade was a 14.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

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.