Moore Capital Management LP Invests $34.37 Million in Sensient Technologies Corporation $SXT

Moore Capital Management LP acquired a new position in Sensient Technologies Corporation (NYSE:SXT) during the second quarter, Holdings Channel reports. The firm acquired 278,771 shares of the specialty chemicals company’s stock, valued at approximately $34,370,000. Sensient Technologies makes up approximately 0.5% of Moore Capital Management LP’s portfolio, making the stock its 29th biggest holding.

Several other large investors also recently added to or reduced their stakes in the business. MML Investors Services LLC increased its stake in Sensient Technologies by 3.9% in the 4th quarter. MML Investors Services LLC now owns 3,146 shares of the specialty chemicals company’s stock worth $296,000 after acquiring an additional 119 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Sensient Technologies by 1.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,675 shares of the specialty chemicals company’s stock valued at $909,000 after acquiring an additional 130 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Sensient Technologies by 53.1% during the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock valued at $38,000 after acquiring an additional 139 shares during the last quarter. Covestor Ltd boosted its position in shares of Sensient Technologies by 31.7% during the 4th quarter. Covestor Ltd now owns 594 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 143 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of Sensient Technologies by 3.4% during the second quarter. Evergreen Capital Management LLC now owns 4,500 shares of the specialty chemicals company’s stock worth $443,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 90.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SXT shares. UBS Group upped their price objective on shares of Sensient Technologies from $143.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Zacks Research upgraded shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Robert W. Baird boosted their price target 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. Weiss Ratings lowered shares of Sensient Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Rothschild & Co Redburn initiated 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 on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Sensient Technologies has an average rating of “Buy” and a consensus price target of $140.00.

Insider Activity at Sensient Technologies

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total transaction of $155,376.00. Following the transaction, the director directly owned 7,352 shares of the company’s stock, valued at approximately $951,936.96. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

Sensient Technologies Price Performance

SXT opened at $134.87 on Monday. The company has a current ratio of 4.39, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $5.74 billion, a P/E ratio of 36.35 and a beta of 0.78. The stock has a 50-day moving average price of $124.29 and a 200-day moving average price of $110.35. Sensient Technologies Corporation has a 12-month low of $82.60 and a 12-month high of $138.82.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. The company had revenue of $462.08 million for 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%.Sensient Technologies’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Equities analysts predict that Sensient Technologies Corporation will post 4.2 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The firm 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. This represents a $1.64 dividend on an annualized basis 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%.

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.