Bank of America Corp DE purchased a new stake in Sensient Technologies Corporation (NYSE:SXT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 273,549 shares of the specialty chemicals company's stock, valued at approximately $33,726,000. Bank of America Corp DE owned approximately 0.64% of Sensient Technologies at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SXT. BlackRock Inc. purchased a new stake in shares of Sensient Technologies during the 2nd quarter worth $818,403,000. Jupiter Topco LLC acquired a new position in shares of Sensient Technologies during the 2nd quarter worth $211,264,000. Geode Capital Management LLC increased its holdings in shares of Sensient Technologies by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,010,258 shares of the specialty chemicals company's stock valued at $94,930,000 after purchasing an additional 4,123 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sensient Technologies by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,046,850 shares of the specialty chemicals company's stock valued at $90,494,000 after purchasing an additional 22,793 shares in the last quarter. Finally, 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. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sensient Technologies

In related news, Director Mario Ferruzzi sold 1,200 shares of the company'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 transaction of $155,376.00. Following the completion of the transaction, the director owned 7,352 shares of the company's stock, valued at approximately $951,936.96. This represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SXT shares. UBS Group increased their target price on shares of Sensient Technologies from $143.00 to $155.00 and gave the company a "buy" rating in a report on Monday, July 27th. Robert W. Baird upped their price target on Sensient Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Zacks Research raised Sensient Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Weiss Ratings raised Sensient Technologies from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, September 11th. Finally, Rothschild & Co Redburn assumed coverage on Sensient Technologies in a research report on Wednesday, July 8th. They issued a "neutral" rating and a $125.00 price target for the company. 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $140.00.

View Our Latest Stock Analysis on SXT

Sensient Technologies Price Performance

SXT stock opened at $130.95 on Wednesday. Sensient Technologies Corporation has a 52-week low of $82.60 and a 52-week high of $138.82. The stock's fifty day simple moving average is $128.18 and its 200-day simple moving average is $114.63. The company has a quick ratio of 1.72, a current ratio of 4.39 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 35.30 and a beta of 0.80.

Sensient Technologies (NYSE:SXT - Get Free Report) last issued its quarterly 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. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%.The firm had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. During the same period last year, the company earned $0.88 EPS. The firm's quarterly revenue was up 11.6% on a year-over-year basis. 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 year.

Sensient Technologies Dividend Announcement

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

Sensient Technologies Profile

(Free Report)

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.

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