Gabelli Funds LLC Reduces Position in Sensient Technologies Corporation $SXT

Gabelli Funds LLC lessened its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 3.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 166,500 shares of the specialty chemicals company’s stock after selling 5,500 shares during the quarter. Gabelli Funds LLC’s holdings in Sensient Technologies were worth $15,643,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SXT. Parsifal Capital Management LP purchased a new position in shares of Sensient Technologies during the third quarter valued at approximately $46,784,000. Pictet Asset Management Holding SA boosted its position in shares of Sensient Technologies by 5,807.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 327,654 shares of the specialty chemicals company’s stock valued at $30,783,000 after buying an additional 322,108 shares during the period. Holocene Advisors LP purchased a new position in shares of Sensient Technologies during the third quarter valued at approximately $23,762,000. Invesco Ltd. boosted its position in shares of Sensient Technologies by 158.0% during the third quarter. Invesco Ltd. now owns 413,018 shares of the specialty chemicals company’s stock valued at $38,762,000 after buying an additional 252,922 shares during the period. Finally, Oberweis Asset Management Inc. purchased a new position in shares of Sensient Technologies during the third quarter valued at approximately $12,595,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SXT shares. UBS Group boosted their target price on Sensient Technologies from $115.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings raised shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Zacks Research raised shares of Sensient Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.00.

Insiders Place Their Bets

In other Sensient Technologies news, VP Thierry Hoang sold 439 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $114.15, for a total transaction of $50,111.85. Following the completion of the sale, the vice president owned 14,309 shares in the company, valued at $1,633,372.35. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Sensient Technologies Stock Performance

Sensient Technologies stock opened at $113.74 on Tuesday. The company has a 50 day moving average price of $99.21 and a 200-day moving average price of $96.58. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.97 and a current ratio of 5.01. Sensient Technologies Corporation has a fifty-two week low of $82.60 and a fifty-two week high of $129.35. The company has a market capitalization of $4.84 billion, a PE ratio of 33.55 and a beta of 0.81.

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

Sensient Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, May 11th. This represents a $1.64 dividend on an annualized basis and a yield of 1.4%. 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.