Public Employees Retirement System of Ohio Boosts Stock Position in Sensient Technologies Corporation $SXT

Public Employees Retirement System of Ohio boosted its holdings in Sensient Technologies Corporation (NYSE:SXT) by 3,508.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,066 shares of the specialty chemicals company’s stock after buying an additional 26,316 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of Sensient Technologies worth $2,667,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Sensient Technologies by 132.6% in the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 248 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Sensient Technologies by 52.5% during the first quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company’s stock worth $94,000 after purchasing an additional 433 shares during the last quarter. Strs Ohio purchased a new position in shares of Sensient Technologies during the first quarter worth about $119,000. CWM LLC grew its holdings in shares of Sensient Technologies by 8.6% during the first quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company’s stock worth $141,000 after purchasing an additional 150 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sensient Technologies during the second quarter worth about $207,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Price Performance

Shares of SXT opened at $91.70 on Thursday. Sensient Technologies Corporation has a fifty-two week low of $66.14 and a fifty-two week high of $121.54. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 28.93 and a beta of 0.56. The firm has a 50-day simple moving average of $109.57 and a 200-day simple moving average of $97.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25.

Sensient Technologies (NYSE:SXT) last announced its 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 business had revenue of $414.23 million during the quarter, compared to the consensus estimate of $417.60 million. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, equities research analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 4th were given a $0.41 dividend. The ex-dividend date was Monday, August 4th. This represents a $1.64 dividend on an annualized basis and a yield of 1.8%. Sensient Technologies’s dividend payout ratio (DPR) is presently 51.74%.

Wall Street Analyst Weigh In

SXT has been the topic of several research reports. CJS Securities initiated coverage on Sensient Technologies in a report on Tuesday, June 10th. They set a “market perform” rating and a $95.00 price objective on the stock. Robert W. Baird raised their price objective on Sensient Technologies from $93.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.00.

Sensient Technologies Profile

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.