Sensient Technologies (NYSE:SXT) Sets New 12-Month High – Here’s Why

Shares of Sensient Technologies Corporation (NYSE:SXTGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $131.45 and last traded at $131.42, with a volume of 19588 shares traded. The stock had previously closed at $130.23.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Rothschild & Co Redburn initiated coverage on shares of Sensient Technologies in a report on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 target price on the stock. Zacks Research raised shares of Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. UBS Group upped their price objective on Sensient Technologies from $143.00 to $155.00 and gave the company a “buy” rating in a report on Monday, July 27th. Weiss Ratings upgraded Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Finally, Robert W. Baird raised their target price on Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $140.00.

Check Out Our Latest Stock Analysis on SXT

Sensient Technologies Price Performance

The stock has a market cap of $5.52 billion, a PE ratio of 34.97 and a beta of 0.78. 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 stock’s 50-day moving average is $119.01 and its two-hundred day moving average is $106.35.

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

Sensient Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 annualized dividend and a yield of 1.3%. Sensient Technologies’s dividend payout ratio is presently 44.20%.

Insider Transactions at Sensient Technologies

In other news, VP Thierry Hoang sold 400 shares of the firm’s 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 completion of the transaction, the vice president owned 13,909 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total transaction of $155,376.00. Following the completion of the transaction, the director owned 7,352 shares of the company’s stock, valued at $951,936.96. This trade represents a 14.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Sensient Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SXT. BlackRock Inc. acquired a new position in shares of Sensient Technologies in the second quarter worth $818,403,000. Deutsche Bank AG acquired a new stake in shares of Sensient Technologies in the second quarter valued at $7,846,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Sensient Technologies in the second quarter valued at $26,000. Global Retirement Partners LLC purchased a new position in Sensient Technologies in the second quarter valued at $36,000. Finally, Bank of New York Mellon Corp purchased a new position in Sensient Technologies in the second quarter valued at $47,173,000. Hedge funds and other institutional investors 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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