Sensient Technologies (NYSE:SXT) Price Target Raised to $140.00

Sensient Technologies (NYSE:SXTFree Report) had its price objective hoisted by Robert W. Baird from $125.00 to $140.00 in a report published on Monday,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

A number of other research analysts also recently weighed in on the company. Weiss Ratings upgraded Sensient Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Zacks Research downgraded Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. UBS Group restated a “buy” rating on shares of Sensient Technologies in a research report on Monday, June 22nd. Finally, Rothschild & Co Redburn started coverage on Sensient Technologies in a research note on Wednesday, July 8th. They set a “neutral” rating and a $125.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Sensient Technologies has an average rating of “Buy” and an average price target of $140.00.

View Our Latest Research Report on Sensient Technologies

Sensient Technologies Trading Down 1.8%

Sensient Technologies stock opened at $122.28 on Monday. The company has a 50 day moving average price of $117.35 and a 200 day moving average price of $104.93. Sensient Technologies has a 52 week low of $82.60 and a 52 week high of $131.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 32.96 and a beta of 0.78.

Sensient Technologies (NYSE:SXTGet Free Report) last posted its quarterly earnings data on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.17. The firm had revenue of $462.08 million for the quarter, compared to analysts’ expectations of $448.84 million. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Research analysts forecast that Sensient Technologies will post 4.2 EPS for the current year.

Sensient Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.3%. Sensient Technologies’s dividend payout ratio (DPR) is 44.20%.

Insider Activity at Sensient Technologies

In other news, VP Thierry Hoang sold 439 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $114.15, for a total value of $50,111.85. Following the transaction, the vice president directly owned 14,309 shares of the company’s stock, valued at approximately $1,633,372.35. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Sensient Technologies

Institutional investors have recently bought and sold shares of the company. MML Investors Services LLC increased its position in Sensient Technologies by 3.9% in the 4th quarter. MML Investors Services LLC now owns 3,146 shares of the specialty chemicals company’s stock worth $296,000 after purchasing an additional 119 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Sensient Technologies by 1.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,675 shares of the specialty chemicals company’s stock valued at $909,000 after buying an additional 130 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Sensient Technologies by 53.1% in the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 139 shares in the last quarter. Covestor Ltd grew its stake in shares of Sensient Technologies by 31.7% in the 4th quarter. Covestor Ltd now owns 594 shares of the specialty chemicals company’s stock valued at $56,000 after buying an additional 143 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in Sensient Technologies by 3.4% in the second quarter. Evergreen Capital Management LLC now owns 4,500 shares of the specialty chemicals company’s stock worth $443,000 after buying an additional 146 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

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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Analyst Recommendations for Sensient Technologies (NYSE:SXT)

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