Victory Capital Management Inc. Trims Stock Position in Sensient Technologies Corporation $SXT

Victory Capital Management Inc. cut its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 32.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 527,120 shares of the specialty chemicals company’s stock after selling 258,614 shares during the period. Victory Capital Management Inc. owned about 1.24% of Sensient Technologies worth $49,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Roubaix Capital LLC raised its stake in shares of Sensient Technologies by 0.8% during the 3rd quarter. Roubaix Capital LLC now owns 66,139 shares of the specialty chemicals company’s stock valued at $6,207,000 after buying an additional 520 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Sensient Technologies in the third quarter worth about $3,212,000. Western Standard LLC purchased a new stake in shares of Sensient Technologies in the third quarter worth about $3,233,000. US Bancorp DE grew its holdings in Sensient Technologies by 14.4% during the third quarter. US Bancorp DE now owns 7,928 shares of the specialty chemicals company’s stock worth $744,000 after acquiring an additional 1,000 shares during the period. Finally, AXQ Capital LP acquired a new stake in Sensient Technologies during the third quarter worth about $203,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SXT has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Sensient Technologies in a report on Monday, December 29th. Zacks Research cut shares of Sensient Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $110.00.

Sensient Technologies Stock Down 1.8%

Shares of SXT opened at $91.59 on Friday. The firm has a market cap of $3.89 billion, a P/E ratio of 28.98 and a beta of 0.55. Sensient Technologies Corporation has a 12 month low of $67.79 and a 12 month high of $121.54. The stock’s 50 day moving average is $95.72 and its two-hundred day moving average is $97.62. The company has a current ratio of 4.10, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, February 13th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.06). Sensient Technologies had a return on equity of 12.82% and a net margin of 8.34%.The business had revenue of $393.45 million for the quarter, compared to analyst estimates of $395.70 million. During the same period in the previous year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Sensient Technologies has set its FY 2026 guidance at 3.600-3.800 EPS. Analysts predict that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 3rd were given a dividend of $0.41 per share. The ex-dividend date was Tuesday, February 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.8%. Sensient Technologies’s dividend payout ratio is currently 51.90%.

About Sensient Technologies

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.