ValuEngine upgraded shares of Sensient Technologies (NYSE:SXT) from a sell rating to a hold rating in a research note released on Wednesday.
Several other research firms also recently commented on SXT. Zacks Investment Research upgraded shares of Sensient Technologies from a sell rating to a hold rating in a research report on Friday, September 21st. TheStreet downgraded shares of Sensient Technologies from a b rating to a c+ rating in a research report on Wednesday, July 25th. Berenberg Bank set a $82.00 target price on shares of Sensient Technologies and gave the stock a buy rating in a research report on Monday, October 22nd. Finally, KeyCorp cut their target price on shares of Sensient Technologies from $80.00 to $73.00 and set an overweight rating on the stock in a research report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Sensient Technologies currently has an average rating of Hold and a consensus price target of $81.75.
Shares of Sensient Technologies stock traded up $0.59 during midday trading on Wednesday, hitting $65.74. 473,296 shares of the company traded hands, compared to its average volume of 734,515. The firm has a market capitalization of $2.74 billion, a PE ratio of 19.22 and a beta of 0.88. The company has a current ratio of 4.30, a quick ratio of 1.80 and a debt-to-equity ratio of 0.88. Sensient Technologies has a 12 month low of $60.72 and a 12 month high of $78.40.
Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. The company had revenue of $342.73 million for the quarter. Sensient Technologies had a net margin of 9.92% and a return on equity of 18.43%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. As a group, research analysts anticipate that Sensient Technologies will post 3.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 5th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, November 2nd. This is an increase from Sensient Technologies’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 2.19%. Sensient Technologies’s dividend payout ratio (DPR) is currently 38.60%.
In other Sensient Technologies news, Director Gebhardt Deborah Mckeithan bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The shares were acquired at an average cost of $64.02 per share, for a total transaction of $128,040.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.94% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Gabelli Funds LLC lifted its position in shares of Sensient Technologies by 0.7% in the 3rd quarter. Gabelli Funds LLC now owns 446,800 shares of the specialty chemicals company’s stock worth $34,185,000 after purchasing an additional 3,000 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Sensient Technologies in the 3rd quarter worth approximately $209,000. Wells Fargo & Company MN lifted its position in shares of Sensient Technologies by 5.5% in the 3rd quarter. Wells Fargo & Company MN now owns 719,291 shares of the specialty chemicals company’s stock worth $55,031,000 after purchasing an additional 37,780 shares during the period. Victory Capital Management Inc. lifted its position in shares of Sensient Technologies by 0.4% in the 3rd quarter. Victory Capital Management Inc. now owns 998,853 shares of the specialty chemicals company’s stock worth $76,422,000 after purchasing an additional 3,856 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Sensient Technologies by 14.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 25,697 shares of the specialty chemicals company’s stock worth $1,966,000 after purchasing an additional 3,156 shares during the period. Hedge funds and other institutional investors own 97.57% of the company’s stock.
About Sensient Technologies
Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.
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