Sensient Technologies (NYSE:SXT) Upgraded by Zacks Research to Strong-Buy Rating

Sensient Technologies (NYSE:SXT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

SXT has been the topic of several other reports. UBS Group increased their target price on shares of Sensient Technologies from $115.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings upgraded shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Sensient Technologies has an average rating of “Moderate Buy” and an average price target of $121.00.

Sensient Technologies Stock Up 0.3%

Shares of Sensient Technologies stock opened at $114.46 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.01 and a quick ratio of 1.97. Sensient Technologies has a 1 year low of $82.60 and a 1 year high of $129.35. The firm’s 50-day moving average is $100.12 and its two-hundred day moving average is $96.93. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 33.76 and a beta of 0.81.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, April 24th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.24. Sensient Technologies had a net margin of 8.71% and a return on equity of 13.12%. The company had revenue of $435.83 million for the quarter, compared to analysts’ expectations of $411.39 million. During the same period in the prior year, the business earned $0.86 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. As a group, research analysts expect that Sensient Technologies will post 3.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Sensient Technologies

In other news, VP Thierry Hoang sold 400 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $115.19, for a total value of $46,076.00. Following the sale, the vice president directly owned 13,909 shares in the company, valued at approximately $1,602,177.71. This trade represents a 2.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Sensient Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MML Investors Services LLC raised its position in shares of Sensient Technologies by 3.9% in the 4th quarter. MML Investors Services LLC now owns 3,146 shares of the specialty chemicals company’s stock valued at $296,000 after purchasing an additional 119 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Sensient Technologies by 1.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,675 shares of the specialty chemicals company’s stock valued at $909,000 after purchasing an additional 130 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Sensient Technologies by 53.1% in the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 139 shares during the last quarter. Covestor Ltd raised its position in shares of Sensient Technologies by 31.7% in the 4th quarter. Covestor Ltd now owns 594 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 143 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its position in shares of Sensient Technologies by 3.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,500 shares of the specialty chemicals company’s stock valued at $443,000 after purchasing an additional 146 shares during the last quarter. 90.86% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Company Profile

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.