The Manufacturers Life Insurance Company Purchases Shares of 19,023 Sensient Technologies Corporation $SXT

The Manufacturers Life Insurance Company purchased a new stake in shares of Sensient Technologies Corporation (NYSE:SXT) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 19,023 shares of the specialty chemicals company’s stock, valued at approximately $2,345,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Sensient Technologies during the second quarter valued at $26,000. Silvant Capital Management LLC bought a new position in Sensient Technologies in the 2nd quarter worth about $27,000. Farther Finance Advisors LLC increased its stake in Sensient Technologies by 313.5% in the 4th quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 232 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Sensient Technologies in the 2nd quarter valued at about $36,000. Finally, 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. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Price Performance

SXT opened at $136.09 on Thursday. 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 $5.79 billion, a P/E ratio of 36.68 and a beta of 0.80. The stock has a 50-day moving average price of $125.22 and a 200-day moving average price of $111.08. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd were 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 was Monday, August 3rd. Sensient Technologies’s dividend payout ratio (DPR) is presently 44.20%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Rothschild & Co Redburn initiated coverage on Sensient Technologies in a report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective for the company. Weiss Ratings lowered shares of Sensient Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. Zacks Research raised shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Robert W. Baird increased 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, UBS Group raised their price objective on shares of Sensient Technologies from $143.00 to $155.00 and gave the company a “buy” rating in a research 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 company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $140.00.

Insider Activity at Sensient Technologies

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 completion of the sale, the director directly owned 7,352 shares in the company, valued at approximately $951,936.96. The trade was a 14.03% decrease in their position. The sale 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 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.