Sensient Technologies (NYSE:SXT) Stock Bumped Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Sensient Technologies (NYSE:SXT) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other research firms also recently commented on SXT. Weiss Ratings upgraded shares of Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 11th. Rothschild & Co Redburn began coverage on shares of Sensient Technologies in a research report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. UBS Group upped their target price on shares of Sensient Technologies from $155.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Zacks Research downgraded shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sensient Technologies has an average rating of “Moderate Buy” and an average target price of $140.67.

Sensient Technologies Trading Up 0.1%

SXT opened at $128.54 on Friday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 34.65 and a beta of 0.84. Sensient Technologies has a 52 week low of $82.60 and a 52 week high of $138.82. The business’s 50 day moving average is $130.65 and its two-hundred day moving average is $116.58. The company has a quick ratio of 1.72, a current ratio of 4.39 and a debt-to-equity ratio of 0.61.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. The company had revenue of $462.08 million during the quarter, compared to analysts’ expectations of $448.84 million. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%.The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. On average, research analysts predict that Sensient Technologies will post 4.2 EPS for the current year.

Sensient Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 3rd were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.64 annualized dividend and a dividend yield of 1.3%. Sensient Technologies’s dividend payout ratio (DPR) is currently 44.20%.

Insiders Place Their Bets

In related news, Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total value of $155,376.00. Following the transaction, the director directly owned 7,352 shares in the company, valued at $951,936.96. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sensient Technologies

A number of large investors have recently bought and sold shares of SXT. BlackRock Inc. purchased a new stake in shares of Sensient Technologies in the second quarter valued at about $818,403,000. Jupiter Topco LLC purchased a new position in Sensient Technologies during the second quarter worth about $211,264,000. Geode Capital Management LLC lifted its position in Sensient Technologies by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,010,258 shares of the specialty chemicals company’s stock valued at $94,930,000 after purchasing an additional 4,123 shares during the period. Dimensional Fund Advisors LP lifted its position in Sensient Technologies by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,046,850 shares of the specialty chemicals company’s stock valued at $90,494,000 after purchasing an additional 22,793 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Sensient Technologies in the 1st quarter valued at approximately $77,955,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.

Sensient Technologies Company Profile

Sensient Technologies Corporation (NYSE:SXT) is a global manufacturer and marketer of colors, flavors, and fragrances. The company develops specialized ingredients and formulations used by food and beverage producers, pharmaceutical companies, personal care and cosmetics manufacturers, and other industrial customers.

Sensient’s product portfolio includes natural and synthetic color systems, flavoring extracts, sweeteners, seasonings, fragrances, and other functional ingredients. Its technologies are designed for applications such as beverages, confectionery, baked goods, pharmaceuticals, cosmetics, household products, and pet food.

Founded in 1882 and headquartered in Milwaukee, Wisconsin, Sensient serves customers through manufacturing, research, and sales operations across North America, Europe, Asia-Pacific, and other international markets.