Louisiana State Employees Retirement System Takes Position in Sensient Technologies Corporation $SXT

Louisiana State Employees Retirement System purchased a new position in Sensient Technologies Corporation (NYSE:SXT) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,800 shares of the specialty chemicals company’s stock, valued at approximately $1,625,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in Sensient Technologies during the 3rd quarter valued at $1,324,000. Tudor Investment Corp ET AL bought a new stake in shares of Sensient Technologies in the third quarter worth $4,142,000. Yost Capital Management LP grew its holdings in shares of Sensient Technologies by 43.8% in the third quarter. Yost Capital Management LP now owns 86,300 shares of the specialty chemicals company’s stock worth $8,099,000 after acquiring an additional 26,300 shares during the period. JPMorgan Chase & Co. increased its position in Sensient Technologies by 47.5% during the third quarter. JPMorgan Chase & Co. now owns 98,683 shares of the specialty chemicals company’s stock valued at $9,261,000 after acquiring an additional 31,777 shares during the last quarter. Finally, Congress Asset Management Co. increased its position in Sensient Technologies by 2.5% during the fourth quarter. Congress Asset Management Co. now owns 734,573 shares of the specialty chemicals company’s stock valued at $69,013,000 after acquiring an additional 17,935 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Trading Down 0.7%

Shares of SXT stock opened at $122.48 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.97 and a current ratio of 5.01. The stock has a fifty day simple moving average of $115.96 and a two-hundred day simple moving average of $101.72. The firm has a market capitalization of $5.21 billion, a PE ratio of 36.13 and a beta of 0.78. Sensient Technologies Corporation has a 52-week low of $82.60 and a 52-week high of $129.35.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, April 24th. The specialty chemicals company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.80 by $0.24. Sensient Technologies had a return on equity of 13.12% and a net margin of 8.71%.The business had revenue of $435.83 million for the quarter, compared to the consensus estimate of $411.39 million. During the same period in the previous year, the business earned $0.86 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. On average, analysts predict that Sensient Technologies Corporation will post 3.9 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, May 11th. Sensient Technologies’s dividend payout ratio is presently 48.38%.

Insiders Place Their Bets

In other Sensient Technologies news, VP Thierry Hoang sold 439 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $114.15, for a total transaction of $50,111.85. Following the completion of the sale, the vice president directly owned 14,309 shares of the company’s stock, valued at $1,633,372.35. This trade represents a 2.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings raised Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. UBS Group reissued a “buy” rating on shares of Sensient Technologies in a report on Monday, June 22nd. Finally, Zacks Research cut shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.00.

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.