Shares of Sensient Technologies Co. (NYSE:SXT) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $90.77.
Several brokerages have recently issued reports on SXT. ValuEngine lowered Sensient Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered Sensient Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 31st. Gabelli upgraded Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Monday, February 12th. Finally, TheStreet lowered Sensient Technologies from a “b” rating to a “c+” rating in a report on Thursday, February 8th.
In related news, Director Gebhardt Deborah Mckeithan bought 1,000 shares of Sensient Technologies stock in a transaction that occurred on Monday, April 30th. The stock was purchased at an average cost of $68.19 per share, for a total transaction of $68,190.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.94% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SXT. Schwab Charles Investment Management Inc. increased its position in Sensient Technologies by 5.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 321,881 shares of the specialty chemicals company’s stock worth $23,546,000 after buying an additional 17,187 shares during the period. Oakbrook Investments LLC acquired a new position in shares of Sensient Technologies during the fourth quarter valued at $234,000. SG Americas Securities LLC lifted its stake in shares of Sensient Technologies by 204.5% during the fourth quarter. SG Americas Securities LLC now owns 17,597 shares of the specialty chemicals company’s stock valued at $1,287,000 after acquiring an additional 11,818 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Sensient Technologies by 44.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock valued at $187,000 after acquiring an additional 782 shares during the period. Finally, Dean Capital Investments Management LLC acquired a new position in shares of Sensient Technologies during the fourth quarter valued at $461,000. 93.84% of the stock is currently owned by institutional investors.
Sensient Technologies traded down $0.26, reaching $68.02, during trading on Monday, according to Marketbeat Ratings. The company had a trading volume of 1,373 shares, compared to its average volume of 274,636. The stock has a market capitalization of $2.89 billion, a P/E ratio of 19.96 and a beta of 0.94. Sensient Technologies has a 12-month low of $65.56 and a 12-month high of $84.98. The company has a current ratio of 3.75, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84.
Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Wednesday, April 25th. The specialty chemicals company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.01). Sensient Technologies had a return on equity of 17.67% and a net margin of 8.32%. The company had revenue of $356.50 million during the quarter, compared to analysts’ expectations of $351.31 million. During the same period in the prior year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. research analysts predict that Sensient Technologies will post 3.7 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $1.32 annualized dividend and a yield of 1.94%. Sensient Technologies’s dividend payout ratio (DPR) is currently 38.60%.
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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