Western Standard LLC acquired a new position in shares of Sensient Technologies Corporation (NYSE:SXT – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 34,452 shares of the specialty chemicals company’s stock, valued at approximately $3,233,000. Sensient Technologies accounts for 1.0% of Western Standard LLC’s portfolio, making the stock its 18th largest position. Western Standard LLC owned about 0.08% of Sensient Technologies as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SXT. State of Wyoming acquired a new stake in shares of Sensient Technologies in the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its position in Sensient Technologies by 181.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 475 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 306 shares during the last quarter. GAMMA Investing LLC lifted its stake in Sensient Technologies by 19.3% in the 3rd quarter. GAMMA Investing LLC now owns 878 shares of the specialty chemicals company’s stock valued at $82,000 after acquiring an additional 142 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Sensient Technologies by 20.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 899 shares of the specialty chemicals company’s stock worth $89,000 after acquiring an additional 155 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Sensient Technologies by 16.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,291 shares of the specialty chemicals company’s stock worth $127,000 after acquiring an additional 185 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Sensient Technologies
In related news, Director Essie Whitelaw sold 3,985 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $95.02, for a total value of $378,654.70. Following the transaction, the director owned 17,128 shares in the company, valued at approximately $1,627,502.56. This represents a 18.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.
Sensient Technologies Stock Performance
Sensient Technologies (NYSE:SXT – Get Free Report) last posted its quarterly earnings results on Friday, February 13th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.06). Sensient Technologies had a net margin of 8.34% and a return on equity of 12.82%. The business had revenue of $393.45 million during the quarter, compared to the consensus estimate of $395.70 million. During the same quarter last year, the company posted $0.70 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 3.600-3.800 EPS. On average, equities research analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.
Sensient Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, February 3rd. Sensient Technologies’s dividend payout ratio (DPR) is currently 51.90%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the stock. Zacks Research lowered shares of Sensient Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $110.00.
Read Our Latest Stock Analysis on SXT
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.
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