Sensient Technologies Co. (NYSE:SXT) – Equities research analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Sensient Technologies in a report released on Tuesday, Zacks Investment Research reports. KeyCorp analyst M. Sison expects that the specialty chemicals company will post earnings per share of $0.93 for the quarter. KeyCorp currently has a “Buy” rating and a $90.00 price target on the stock. KeyCorp also issued estimates for Sensient Technologies’ Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $0.98 EPS and Q4 2018 earnings at $0.92 EPS.
Several other equities research analysts also recently weighed in on the stock. Off Wall Street initiated coverage on shares of Sensient Technologies in a research note on Monday, December 18th. They set a “sell” rating for the company. TheStreet downgraded shares of Sensient Technologies from a “b” rating to a “c+” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $89.15.
Shares of Sensient Technologies (SXT) traded down $0.83 on Thursday, hitting $68.09. 612,106 shares of the stock traded hands, compared to its average volume of 362,529. Sensient Technologies has a twelve month low of $65.60 and a twelve month high of $84.98. The firm has a market capitalization of $2,990.00, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. The company has a quick ratio of 1.42, a current ratio of 3.59 and a debt-to-equity ratio of 0.69.
Sensient Technologies (NYSE:SXT) last announced its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. Sensient Technologies had a net margin of 7.89% and a return on equity of 17.34%. The business had revenue of $328.87 million during the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 6th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $1.32 annualized dividend and a dividend yield of 1.94%. Sensient Technologies’s dividend payout ratio (DPR) is 65.02%.
Sensient Technologies announced that its Board of Directors has approved a share buyback plan on Thursday, October 19th that permits the company to repurchase 3,000,000 shares. This repurchase authorization permits the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, Director Essie Whitelaw sold 667 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $75.15, for a total value of $50,125.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.95% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in SXT. Janus Henderson Group PLC lifted its position in Sensient Technologies by 732.3% in the second quarter. Janus Henderson Group PLC now owns 3,126,256 shares of the specialty chemicals company’s stock valued at $251,757,000 after purchasing an additional 2,750,649 shares during the period. Atlanta Capital Management Co. L L C acquired a new stake in Sensient Technologies in the third quarter valued at about $21,336,000. Victory Capital Management Inc. lifted its position in Sensient Technologies by 104.8% in the fourth quarter. Victory Capital Management Inc. now owns 390,646 shares of the specialty chemicals company’s stock valued at $28,576,000 after purchasing an additional 199,921 shares during the period. BlackRock Inc. lifted its position in Sensient Technologies by 3.9% in the fourth quarter. BlackRock Inc. now owns 4,759,009 shares of the specialty chemicals company’s stock valued at $348,121,000 after purchasing an additional 179,909 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Sensient Technologies by 18.4% in the third quarter. Wells Fargo & Company MN now owns 546,199 shares of the specialty chemicals company’s stock valued at $42,014,000 after purchasing an additional 84,767 shares during the period. Hedge funds and other institutional investors own 88.32% of the company’s stock.
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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