Police & Firemen s Retirement System of New Jersey Has $937,000 Stock Holdings in Sensient Technologies Corporation $SXT

Police & Firemen s Retirement System of New Jersey boosted its position in Sensient Technologies Corporation (NYSE:SXT) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,512 shares of the specialty chemicals company’s stock after acquiring an additional 529 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Sensient Technologies were worth $937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SXT. Private Trust Co. NA acquired a new stake in shares of Sensient Technologies in the 2nd quarter valued at $29,000. Gables Capital Management Inc. bought a new stake in shares of Sensient Technologies during the 2nd quarter worth $59,000. GAMMA Investing LLC lifted its position in shares of Sensient Technologies by 69.2% during the 2nd quarter. GAMMA Investing LLC now owns 736 shares of the specialty chemicals company’s stock worth $73,000 after buying an additional 301 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in Sensient Technologies in the second quarter valued at about $89,000. Finally, Nisa Investment Advisors LLC grew its position in Sensient Technologies by 20.8% in the second quarter. Nisa Investment Advisors LLC now owns 899 shares of the specialty chemicals company’s stock valued at $89,000 after acquiring an additional 155 shares during the last quarter. 90.86% of the stock is currently owned by institutional investors.

Sensient Technologies Stock Up 1.6%

Shares of SXT opened at $94.77 on Friday. 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 Corporation has a 52 week low of $66.14 and a 52 week high of $121.54. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 29.89 and a beta of 0.61. The stock has a fifty day moving average of $95.09 and a 200-day moving average of $101.45.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $412.11 million during the quarter, compared to analysts’ expectations of $407.45 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, sell-side analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 10th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 10th. Sensient Technologies’s payout ratio is presently 50.15%.

Insider Buying and Selling

In other Sensient Technologies news, Director Joseph Carleone purchased 1,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of $91.26 per share, for a total transaction of $91,260.00. Following the completion of the acquisition, the director owned 22,414 shares in the company, valued at approximately $2,045,501.64. This trade represents a 4.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David J. Plautz acquired 2,150 shares of Sensient Technologies stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $92.98 per share, for a total transaction of $199,907.00. Following the purchase, the vice president owned 2,999 shares of the company’s stock, valued at $278,847.02. The trade was a 253.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Sensient Technologies in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sensient Technologies currently has an average rating of “Hold” and an average price target of $110.00.

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.