Sensient Technologies Corporation (NYSE:SXT) Short Interest Down 13.9% in March

Sensient Technologies Corporation (NYSE:SXT) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,119,341 shares, a drop of 13.9% from the March 15th total of 1,299,514 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 330,355 shares, the short-interest ratio is presently 3.4 days.

Institutional Trading of Sensient Technologies

Hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC raised its stake in Sensient Technologies by 146.2% during the 4th quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 174 shares during the period. Farther Finance Advisors LLC raised its stake in Sensient Technologies by 313.5% during the 4th quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 232 shares during the period. State of Wyoming acquired a new stake in Sensient Technologies during the 3rd quarter worth $32,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Sensient Technologies during the 4th quarter worth $33,000. Finally, Advisors Asset Management Inc. raised its stake in Sensient Technologies by 53.1% during the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SXT. UBS Group began coverage on Sensient Technologies in a research report on Wednesday, April 1st. They issued a “buy” rating and a $115.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday, December 29th. Finally, Zacks Research downgraded Sensient Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sensient Technologies presently has an average rating of “Hold” and an average price target of $111.67.

Sensient Technologies Stock Performance

SXT stock opened at $100.52 on Friday. The business’s fifty day moving average is $92.46 and its 200-day moving average is $93.98. The company has a quick ratio of 1.53, a current ratio of 4.10 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.28 billion, a P/E ratio of 31.81 and a beta of 0.62. Sensient Technologies has a twelve month low of $72.60 and a twelve month high of $121.54.

Sensient Technologies (NYSE:SXT) 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). The company had revenue of $393.45 million during the quarter, compared to analyst estimates of $395.70 million. Sensient Technologies had a net margin of 8.34% and a return on equity of 12.82%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS. Sensient Technologies has set its FY 2026 guidance at 3.600-3.800 EPS. Equities research analysts forecast that Sensient Technologies will post 3.1 EPS for the current year.

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.