Sensient Technologies (NYSE:SXT) Upgraded to “Buy” at Wall Street Zen

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

SXT has been the subject of a number of other research reports. Rothschild & Co Redburn assumed coverage on shares of Sensient Technologies in a research report on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 price objective for the company. Zacks Research lowered Sensient Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Robert W. Baird boosted their target price on Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. UBS Group increased their target price on Sensient Technologies from $155.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Finally, Weiss Ratings raised Sensient Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $140.67.

Sensient Technologies Stock Down 0.6%

Shares of Sensient Technologies stock opened at $132.90 on Monday. Sensient Technologies has a one year low of $82.60 and a one year high of $138.82. The company has a market cap of $5.66 billion, a P/E ratio of 35.82 and a beta of 0.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39. The firm has a fifty day moving average of $131.86 and a two-hundred day moving average of $120.33.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. The business had revenue of $462.08 million for the quarter, compared to the consensus estimate of $448.84 million. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 earnings per share. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. On average, analysts forecast that Sensient Technologies will post 4.20 earnings per share for the current year.

Sensient Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 3rd were paid a $0.41 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.64 annualized dividend and a dividend yield of 1.2%. Sensient Technologies’s dividend payout ratio (DPR) is 44.20%.

Insider Activity

In other news, Director Mario Ferruzzi sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total transaction of $155,376.00. Following the sale, the director owned 7,352 shares of the company’s stock, valued at $951,936.96. The trade was a 14.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Sensient Technologies

Hedge funds have recently bought and sold shares of the company. Moody National Bank Trust Division grew its holdings in shares of Sensient Technologies by 0.8% in the 3rd quarter. Moody National Bank Trust Division now owns 12,555 shares of the specialty chemicals company’s stock worth $1,641,000 after acquiring an additional 100 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Sensient Technologies during the second quarter valued at $26,000. Silvant Capital Management LLC purchased a new stake in shares of Sensient Technologies during the second quarter valued at $27,000. GAMMA Investing LLC boosted its position in shares of Sensient Technologies by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the specialty chemicals company’s stock valued at $116,000 after purchasing an additional 244 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in shares of Sensient Technologies in the 2nd quarter valued at $36,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Company Profile

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.