Bank of New York Mellon Corp Has $43.89 Million Stock Position in Sensient Technologies Corporation $SXT

Bank of New York Mellon Corp lessened its stake in shares of Sensient Technologies Corporation (NYSE:SXT) by 0.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 445,508 shares of the specialty chemicals company’s stock after selling 2,502 shares during the quarter. Bank of New York Mellon Corp’s holdings in Sensient Technologies were worth $43,891,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can boosted its holdings in shares of Sensient Technologies by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 8,418 shares of the specialty chemicals company’s stock valued at $829,000 after acquiring an additional 111 shares in the last quarter. Maryland State Retirement & Pension System raised its position in Sensient Technologies by 0.9% in the second quarter. Maryland State Retirement & Pension System now owns 12,478 shares of the specialty chemicals company’s stock valued at $1,229,000 after purchasing an additional 113 shares during the last quarter. CWM LLC raised its position in Sensient Technologies by 8.6% in the first quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company’s stock valued at $141,000 after purchasing an additional 150 shares during the last quarter. Xponance Inc. boosted its stake in shares of Sensient Technologies by 5.0% during the first quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company’s stock valued at $236,000 after purchasing an additional 152 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Sensient Technologies by 20.8% during the second quarter. Nisa Investment Advisors LLC now owns 899 shares of the specialty chemicals company’s stock worth $89,000 after purchasing an additional 155 shares during the last quarter. 90.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Sensient Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Sensient Technologies presently has a consensus rating of “Hold” and a consensus target price of $110.00.

Sensient Technologies Price Performance

Shares of SXT opened at $94.79 on Thursday. The business has a 50-day moving average of $97.38 and a 200-day moving average of $101.44. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 29.90 and a beta of 0.61. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The business had revenue of $412.11 million during the quarter, compared to the consensus estimate of $407.45 million. During the same quarter in the prior year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, equities research analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 10th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 10th. Sensient Technologies’s dividend payout ratio (DPR) is currently 50.15%.

Insider Buying and Selling at Sensient Technologies

In other news, Director Joseph Carleone purchased 1,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $91.26 per share, with a total value of $91,260.00. Following the completion of the transaction, the director owned 22,414 shares of the company’s stock, valued at $2,045,501.64. The trade was a 4.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David J. Plautz purchased 2,150 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were acquired at an average price of $92.98 per share, with a total value of $199,907.00. Following the completion of the acquisition, the vice president owned 2,999 shares in the company, valued at approximately $278,847.02. This trade represents a 253.24% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.20% of the stock is owned by insiders.

Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.