OneAscent Financial Services LLC Purchases New Position in Sensient Technologies Corporation $SXT

OneAscent Financial Services LLC purchased a new stake in Sensient Technologies Corporation (NYSE:SXT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,452 shares of the specialty chemicals company’s stock, valued at approximately $549,000.

Several other hedge funds have also recently bought and sold shares of SXT. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sensient Technologies during the second quarter valued at $26,000. Silvant Capital Management LLC acquired a new stake in shares of Sensient Technologies in the 2nd quarter valued at $27,000. Global Retirement Partners LLC bought a new stake in shares of Sensient Technologies in the 2nd quarter worth about $36,000. Salomon & Ludwin LLC grew its holdings in shares of Sensient Technologies by 146.2% in the 4th quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 174 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Sensient Technologies by 313.5% during the 4th quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 232 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Sensient Technologies Price Performance

Shares of SXT stock opened at $132.39 on Friday. Sensient Technologies Corporation has a 52 week low of $82.60 and a 52 week high of $136.58. The stock has a market capitalization of $5.63 billion, a PE ratio of 35.68 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39. The stock’s fifty day moving average is $121.89 and its 200-day moving average is $108.67.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating 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 return on equity of 13.77% and a net margin of 9.27%.The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 earnings per share. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Equities research analysts expect that Sensient Technologies Corporation will post 4.2 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

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

Insider Buying and Selling at Sensient Technologies

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,200 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total value of $155,376.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on SXT shares. Weiss Ratings raised shares of Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 6th. Robert W. Baird upped their price objective on shares of Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Rothschild & Co Redburn started coverage on shares of Sensient Technologies in a report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective for the company. UBS Group lifted their target price 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. Finally, Zacks Research raised Sensient Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $140.00.

Sensient Technologies 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.