Reynders McVeigh Capital Management LLC Invests $10.67 Million in Sensient Technologies Corporation $SXT

Reynders McVeigh Capital Management LLC purchased a new stake in shares of Sensient Technologies Corporation (NYSE:SXT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 86,526 shares of the specialty chemicals company’s stock, valued at approximately $10,668,000. Reynders McVeigh Capital Management LLC owned approximately 0.20% of Sensient Technologies at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SXT. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Sensient Technologies during the 2nd quarter valued at about $26,000. Silvant Capital Management LLC purchased a new stake in shares of Sensient Technologies in the second quarter worth approximately $27,000. Global Retirement Partners LLC purchased a new stake in shares of Sensient Technologies in the second quarter worth approximately $36,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Sensient Technologies during the second quarter worth approximately $37,000. Finally, Covestor Ltd boosted its holdings in shares of Sensient Technologies by 31.7% during the fourth quarter. Covestor Ltd now owns 594 shares of the specialty chemicals company’s stock worth $56,000 after purchasing an additional 143 shares during the period. 90.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 stock was sold at an average price of $129.48, for a total value of $155,376.00. Following the completion of the sale, the director owned 7,352 shares of the company’s stock, valued at $951,936.96. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Sensient Technologies Stock Up 0.2%

NYSE SXT traded up $0.23 during trading on Tuesday, reaching $126.78. The company’s stock had a trading volume of 316,928 shares, compared to its average volume of 402,209. 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 $5.40 billion, a PE ratio of 34.17 and a beta of 0.80. Sensient Technologies Corporation has a 1-year low of $82.60 and a 1-year high of $138.82. The business has a 50-day moving average price of $126.81 and a 200-day moving average price of $113.34.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.03 by $0.17. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The company had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. During the same quarter in the prior year, the business posted $0.88 EPS. Sensient Technologies’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. On average, research analysts forecast that Sensient Technologies Corporation will post 4.2 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, August 3rd. Sensient Technologies’s dividend payout ratio (DPR) is 44.20%.

Analyst Upgrades and Downgrades

SXT has been the topic of several research reports. Zacks Research upgraded shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Rothschild & Co Redburn assumed coverage on shares of Sensient Technologies in a report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price target on the stock. Weiss Ratings raised shares of Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. UBS Group increased their price objective on Sensient Technologies from $143.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Robert W. Baird boosted their target price on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $140.00.

Sensient Technologies Company Profile

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.