State of New Jersey Common Pension Fund D Decreases Stock Holdings in Sensient Technologies Corporation $SXT

State of New Jersey Common Pension Fund D trimmed its position in Sensient Technologies Corporation (NYSE:SXT) by 27.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,077 shares of the specialty chemicals company’s stock after selling 7,694 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sensient Technologies were worth $1,978,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SXT. Nuveen LLC purchased a new position in shares of Sensient Technologies in the first quarter worth $24,434,000. Armistice Capital LLC increased its stake in shares of Sensient Technologies by 57.1% in the first quarter. Armistice Capital LLC now owns 549,827 shares of the specialty chemicals company’s stock worth $40,924,000 after buying an additional 199,827 shares during the period. Cramer Rosenthal Mcglynn LLC purchased a new position in Sensient Technologies during the 1st quarter valued at $11,251,000. Rivermont Capital Management LP purchased a new position in Sensient Technologies during the 1st quarter valued at $10,087,000. Finally, CW Advisors LLC increased its position in Sensient Technologies by 1,439.8% during the 1st quarter. CW Advisors LLC now owns 94,156 shares of the specialty chemicals company’s stock valued at $7,008,000 after purchasing an additional 88,041 shares during the period. 90.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Sensient Technologies in a research 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Sensient Technologies Trading Down 0.4%

Shares of NYSE SXT opened at $89.66 on Friday. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54. The stock has a market cap of $3.81 billion, a P/E ratio of 28.28 and a beta of 0.56. The firm has a 50-day moving average of $100.99 and a 200 day moving average of $100.28. 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 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.