Teacher Retirement System of Texas Sells 11,888 Shares of Sensient Technologies Corporation $SXT

Teacher Retirement System of Texas decreased its holdings in shares of Sensient Technologies Corporation (NYSE:SXT) by 27.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,646 shares of the specialty chemicals company’s stock after selling 11,888 shares during the quarter. Teacher Retirement System of Texas’ holdings in Sensient Technologies were worth $3,118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Maryland State Retirement & Pension System boosted its holdings in Sensient Technologies by 0.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 12,478 shares of the specialty chemicals company’s stock valued at $1,229,000 after acquiring an additional 113 shares during the period. CWM LLC lifted its position 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. Xponance Inc. boosted its stake in shares of 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 purchasing an additional 152 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Sensient Technologies by 20.8% during the second quarter. Nisa Investment Advisors LLC now owns 899 shares of the specialty chemicals company’s stock valued at $89,000 after purchasing an additional 155 shares during the period. Finally, New York State Teachers Retirement System grew its holdings in shares of Sensient Technologies by 0.4% in the second quarter. New York State Teachers Retirement System now owns 56,165 shares of the specialty chemicals company’s stock worth $5,533,000 after purchasing an additional 200 shares during the last quarter. 90.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Sensient Technologies in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sensient Technologies has a consensus rating of “Moderate Buy” and an average target price of $110.00.

Sensient Technologies Price Performance

Shares of SXT stock opened at $94.37 on Friday. Sensient Technologies Corporation has a twelve month low of $66.14 and a twelve month high of $121.54. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $100.58 and a two-hundred day simple moving average of $100.60. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 29.77 and a beta of 0.56.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The firm had revenue of $412.11 million during the quarter, compared to the consensus estimate of $407.45 million. During the same period in the previous year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was up 5.0% 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 declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 10th. Sensient Technologies’s dividend payout ratio is presently 51.74%.

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.