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

Public Employees Retirement System of Ohio purchased a new position in Sensient Technologies Corporation (NYSE:SXT) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 26,157 shares of the specialty chemicals company’s stock, valued at approximately $3,225,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Sensient Technologies during the second quarter valued at approximately $818,403,000. Jupiter Topco LLC acquired a new position in shares of Sensient Technologies in the 2nd quarter worth approximately $211,264,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Sensient Technologies during the 1st quarter worth approximately $77,955,000. Norges Bank acquired a new stake in Sensient Technologies in the 4th quarter valued at $49,867,000. Finally, Parsifal Capital Management LP bought a new stake in Sensient Technologies in the third quarter valued at $46,784,000. Institutional investors own 90.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird increased their price objective on Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. UBS Group increased their target price on shares of Sensient Technologies from $143.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Weiss Ratings downgraded shares of Sensient Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Zacks Research upgraded shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Rothschild & Co Redburn started coverage on shares of Sensient Technologies in a research note on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $140.00.

Insider Buying and Selling

In other news, Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total value of $155,376.00. Following the completion of the sale, the director directly owned 7,352 shares of the company’s stock, valued at approximately $951,936.96. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Sensient Technologies Trading Down 0.8%

SXT opened at $135.27 on Friday. The company has a current ratio of 4.39, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $5.76 billion, a PE ratio of 36.46 and a beta of 0.80. Sensient Technologies Corporation has a 1-year low of $82.60 and a 1-year high of $138.82. The firm has a 50-day moving average price of $125.82 and a two-hundred day moving average price of $111.55.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.03 by $0.17. The business had revenue of $462.08 million for the quarter, compared to analysts’ expectations of $448.84 million. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. Sensient Technologies’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. As a group, equities analysts anticipate that Sensient Technologies Corporation will post 4.2 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, August 3rd. Sensient Technologies’s dividend payout ratio (DPR) is presently 44.20%.

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.