Maryland State Retirement & Pension System Acquires 113 Shares of Sensient Technologies Corporation $SXT

Maryland State Retirement & Pension System grew its holdings in Sensient Technologies Corporation (NYSE:SXT) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,478 shares of the specialty chemicals company’s stock after buying an additional 113 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Sensient Technologies were worth $1,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CWM LLC grew its stake in Sensient Technologies by 8.6% during the first quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company’s stock valued at $141,000 after acquiring an additional 150 shares in the last quarter. Xponance Inc. grew its stake in Sensient Technologies by 5.0% during the first quarter. Xponance Inc. now owns 3,169 shares of the specialty chemicals company’s stock valued at $236,000 after acquiring an additional 152 shares in the last quarter. GAMMA Investing LLC grew its stake in Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 248 shares in the last quarter. Raymond James Financial Inc. grew its stake in Sensient Technologies by 0.3% during the first quarter. Raymond James Financial Inc. now owns 91,255 shares of the specialty chemicals company’s stock valued at $6,792,000 after acquiring an additional 282 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in 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 valued at $94,000 after acquiring an additional 433 shares in the last quarter. Institutional investors own 90.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sensient Technologies Price Performance

SXT stock opened at $92.47 on Monday. Sensient Technologies Corporation has a one year low of $66.14 and a one year high of $121.54. The stock has a market cap of $3.93 billion, a PE ratio of 29.17 and a beta of 0.56. The firm has a 50 day simple moving average of $106.94 and a two-hundred day simple moving average of $98.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $417.60 million. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s 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. On average, analysts predict that Sensient Technologies Corporation will post 3.1 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

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

Sensient Technologies Company 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.