Sensient Technologies Co. (NYSE:SXT) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Sensient Technologies’ rating score has declined by 19.8% in the last 90 days as a result of a number of analysts’ ratings changes.
Analysts have set a 1 year consensus price objective of $90.00 for the company and are predicting that the company will post $0.84 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sensient Technologies an industry rank of 192 out of 265 based on the ratings given to related companies.
SXT has been the subject of several recent research reports. KeyCorp reiterated a “buy” rating and issued a $90.00 price objective on shares of Sensient Technologies in a research report on Friday, November 3rd. Off Wall Street assumed coverage on Sensient Technologies in a report on Monday, December 18th. They set a “sell” rating for the company.
Shares of Sensient Technologies (NYSE SXT) opened at $68.48 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.59 and a quick ratio of 1.42. Sensient Technologies has a 12-month low of $67.41 and a 12-month high of $84.98. The firm has a market capitalization of $3,004.62, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 6th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.93%. Sensient Technologies’s dividend payout ratio is presently 54.55%.
Sensient Technologies declared that its Board of Directors has approved a share repurchase plan on Thursday, October 19th that allows the company to buyback 3,000,000 shares. This buyback authorization allows the specialty chemicals company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, Director Essie Whitelaw sold 1,520 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $75.00, for a total transaction of $114,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.95% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the stock. 1st Global Advisors Inc. raised its holdings in shares of Sensient Technologies by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 5,582 shares of the specialty chemicals company’s stock valued at $450,000 after acquiring an additional 60 shares in the last quarter. M&T Bank Corp grew its stake in Sensient Technologies by 1.1% in the second quarter. M&T Bank Corp now owns 5,725 shares of the specialty chemicals company’s stock worth $462,000 after purchasing an additional 63 shares during the period. Public Employees Retirement System of Ohio grew its stake in Sensient Technologies by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock worth $227,000 after purchasing an additional 119 shares during the period. PNC Financial Services Group Inc. grew its stake in Sensient Technologies by 4.6% in the second quarter. PNC Financial Services Group Inc. now owns 3,384 shares of the specialty chemicals company’s stock worth $273,000 after purchasing an additional 149 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Sensient Technologies by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 97,130 shares of the specialty chemicals company’s stock worth $7,822,000 after purchasing an additional 435 shares during the period. Institutional investors own 88.32% of the company’s stock.
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Sensient Technologies Company Profile
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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