Thrivent Financial for Lutherans Acquires 4,397 Shares of Sensient Technologies Corporation $SXT

Thrivent Financial for Lutherans increased its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,997 shares of the specialty chemicals company’s stock after purchasing an additional 4,397 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Sensient Technologies worth $3,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Congress Asset Management Co. boosted its stake in shares of Sensient Technologies by 2.5% during the fourth quarter. Congress Asset Management Co. now owns 734,573 shares of the specialty chemicals company’s stock valued at $69,013,000 after purchasing an additional 17,935 shares in the last quarter. Parsifal Capital Management LP bought a new position in shares of Sensient Technologies during the third quarter valued at approximately $46,784,000. Invesco Ltd. boosted its stake 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 purchasing an additional 252,922 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Sensient Technologies by 47.0% during the second quarter. Bank of America Corp DE now owns 403,224 shares of the specialty chemicals company’s stock valued at $39,726,000 after purchasing an additional 128,846 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake 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 purchasing an additional 322,108 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Sensient Technologies from $115.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Zacks Research upgraded shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sensient Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Insiders Place Their Bets

In other Sensient Technologies news, VP Thierry Hoang sold 400 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president directly owned 13,909 shares in the company, valued at $1,602,177.71. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by company insiders.

Sensient Technologies Price Performance

Shares of SXT opened at $114.40 on Friday. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 33.74 and a beta of 0.81. Sensient Technologies Corporation has a twelve month low of $82.60 and a twelve month high of $129.35. The company has a quick ratio of 1.97, a current ratio of 5.01 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $101.03 and a two-hundred day moving average of $97.18.

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

Sensient Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, May 11th. Sensient Technologies’s dividend payout ratio (DPR) is 48.38%.

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.