Sensient Technologies (NYSE:SXT) Stock Passes Above 200-Day Moving Average Following Analyst Downgrade

Sensient Technologies Corporation (NYSE:SXTGet Free Report) crossed above its 200-day moving average during trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock has a 200-day moving average of $101.33 and traded as high as $120.26. Sensient Technologies shares last traded at $118.7720, with a volume of 661,452 shares trading hands.

A number of other equities analysts have also weighed in 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 lifted their price target on shares of Sensient Technologies from $115.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.

Read Our Latest Research Report on Sensient Technologies

Insider Buying and Selling

In other Sensient Technologies news, VP Thierry Hoang sold 400 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $115.19, for a total value of $46,076.00. Following the transaction, the vice president directly owned 13,909 shares in the company, valued at approximately $1,602,177.71. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Sensient Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Salomon & Ludwin LLC lifted its holdings in Sensient Technologies by 146.2% during the fourth quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 174 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Sensient Technologies by 313.5% during the fourth quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 232 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Sensient Technologies during the 4th quarter valued at approximately $33,000. Advisors Asset Management Inc. lifted its holdings in Sensient Technologies by 53.1% in the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 139 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Sensient Technologies in the 4th quarter worth approximately $44,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.

Sensient Technologies Stock Down 0.7%

The company has a current ratio of 5.01, a quick ratio of 1.97 and a debt-to-equity ratio of 0.63. The company has a 50 day simple moving average of $115.51 and a two-hundred day simple moving average of $101.53. The firm has a market capitalization of $5.21 billion, a P/E ratio of 36.13 and a beta of 0.80.

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

Sensient Technologies Announces Dividend

The business 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. The ex-dividend date was Monday, May 11th. This represents a $1.64 annualized dividend and a yield of 1.3%. Sensient Technologies’s payout ratio is presently 48.38%.

Sensient Technologies Company Profile

(Get Free Report)

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.

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