Wall Street Zen upgraded shares of Sensient Technologies (NYSE:SXT – Free Report) from a hold rating to a buy rating in a research report released on Monday,Wall Street Zen reports.
A number of other brokerages also recently commented on SXT. UBS Group increased their price target on Sensient Technologies from $155.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Robert W. Baird boosted their price objective on Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Zacks Research cut Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Weiss Ratings upgraded Sensient Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Finally, Rothschild & Co Redburn initiated coverage on Sensient Technologies in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sensient Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $140.67.
Read Our Latest Analysis on Sensient Technologies
Sensient Technologies Trading Down 2.0%
NYSE:SXT opened at $132.53 on Monday. 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 cap of $5.64 billion, a price-to-earnings ratio of 35.72 and a beta of 0.84. Sensient Technologies has a 52 week low of $82.60 and a 52 week high of $138.82. The firm has a 50-day moving average price of $131.97 and a two-hundred day moving average price of $120.92.
Sensient Technologies (NYSE:SXT – Get Free Report) last posted its earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.03 by $0.17. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The firm had revenue of $462.08 million for the quarter, compared to analysts’ expectations of $448.84 million. During the same quarter last year, the firm earned $0.88 EPS. The company’s quarterly 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 expect that Sensient Technologies will post 4.20 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Sensient Technologies news, Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total value of $155,376.00. Following the sale, the director owned 7,352 shares of the company’s stock, valued at approximately $951,936.96. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Sensient Technologies during the second quarter worth about $818,403,000. Jupiter Topco LLC purchased a new position in shares of Sensient Technologies in the second quarter worth about $211,264,000. Dimensional Fund Advisors LP increased its stake in shares of Sensient Technologies by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,046,850 shares of the specialty chemicals company’s stock worth $90,494,000 after purchasing an additional 22,793 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Sensient Technologies in the first quarter worth about $77,955,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sensient Technologies in the second quarter valued at approximately $47,173,000. 90.86% of the stock is owned by institutional investors.
Sensient Technologies Company Profile
Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.
Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.
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