Pictet Asset Management Holding SA Purchases 164,976 Shares of Sensient Technologies Corporation $SXT

Pictet Asset Management Holding SA lifted its position in shares of Sensient Technologies Corporation (NYSE:SXT) by 50.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 492,630 shares of the specialty chemicals company’s stock after acquiring an additional 164,976 shares during the quarter. Pictet Asset Management Holding SA owned approximately 1.16% of Sensient Technologies worth $42,583,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in Sensient Technologies during the first quarter valued at about $77,955,000. Norges Bank bought a new position in Sensient Technologies during the fourth quarter worth about $49,867,000. Parsifal Capital Management LP purchased a new position in shares of Sensient Technologies in the third quarter worth about $46,784,000. J. Goldman & Co LP purchased a new position in shares of Sensient Technologies in the fourth quarter worth about $35,336,000. Finally, Holocene Advisors LP bought a new stake in shares of Sensient Technologies in the third quarter valued at approximately $23,762,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on SXT shares. Zacks Research cut shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, UBS Group restated a “buy” rating on shares of Sensient Technologies in a research report on Monday, June 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.

Insider Transactions at Sensient Technologies

In other Sensient Technologies news, VP Thierry Hoang sold 400 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $115.19, for a total value of $46,076.00. Following the completion of the transaction, the vice president directly owned 13,909 shares of the company’s stock, valued at $1,602,177.71. This trade represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by corporate insiders.

Sensient Technologies Stock Up 4.1%

SXT stock opened at $123.38 on Wednesday. The stock has a 50-day simple moving average of $115.51 and a two-hundred day simple moving average of $101.53. Sensient Technologies Corporation has a twelve month low of $82.60 and a twelve month high of $129.35. The firm has a market capitalization of $5.25 billion, a PE ratio of 36.39 and a beta of 0.80. The company has a quick ratio of 1.97, a current ratio of 5.01 and a debt-to-equity ratio of 0.63.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, April 24th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Sensient Technologies had a net margin of 8.71% and a return on equity of 13.12%. The firm had revenue of $435.83 million for the quarter, compared to the consensus estimate of $411.39 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. On average, equities analysts predict that Sensient Technologies Corporation will post 3.9 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a $0.41 dividend. The ex-dividend date was Monday, May 11th. This represents a $1.64 annualized dividend and a yield of 1.3%. Sensient Technologies’s dividend payout ratio is currently 48.38%.

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.