New York State Teachers Retirement System Increases Stock Position in Sensient Technologies Corporation $SXT

New York State Teachers Retirement System grew its stake in Sensient Technologies Corporation (NYSE:SXT) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,165 shares of the specialty chemicals company’s stock after purchasing an additional 200 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Sensient Technologies worth $5,533,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Yousif Capital Management LLC increased its stake in Sensient Technologies by 1.6% during the 2nd quarter. Yousif Capital Management LLC now owns 15,879 shares of the specialty chemicals company’s stock valued at $1,564,000 after purchasing an additional 245 shares in the last quarter. CWM LLC lifted its holdings in Sensient Technologies by 12.4% during the second quarter. CWM LLC now owns 2,128 shares of the specialty chemicals company’s stock valued at $210,000 after purchasing an additional 234 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Sensient Technologies by 14.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,369 shares of the specialty chemicals company’s stock valued at $332,000 after purchasing an additional 415 shares in the last quarter. US Bancorp DE lifted its holdings in Sensient Technologies by 9.0% during the second quarter. US Bancorp DE now owns 6,928 shares of the specialty chemicals company’s stock valued at $683,000 after purchasing an additional 573 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in shares of 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 worth $1,229,000 after buying an additional 113 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Stock Performance

SXT opened at $96.88 on Tuesday. Sensient Technologies Corporation has a 52-week low of $66.14 and a 52-week high of $121.54. The company has a quick ratio of 1.78, a current ratio of 4.25 and a debt-to-equity ratio of 0.61. The company has a market cap of $4.11 billion, a P/E ratio of 30.56 and a beta of 0.56. The firm’s 50-day moving average price is $104.53 and its 200-day moving average price is $99.23.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The company had revenue of $414.23 million for the quarter, compared to the consensus estimate of $417.60 million. During the same quarter in the prior year, the company earned $0.77 EPS. Sensient Technologies’s quarterly revenue was up 2.7% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, equities analysts anticipate that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were given a dividend of $0.41 per share. The ex-dividend date was Monday, August 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.7%. Sensient Technologies’s dividend payout ratio (DPR) is 51.74%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Sensient Technologies in a report on Wednesday, October 8th. Robert W. Baird boosted their price objective on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

About Sensient Technologies

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.