Sensient Technologies Co. (SXT) Receives Average Recommendation of “Hold” from Brokerages

Sensient Technologies Co. (NYSE:SXT) has been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $83.00.

A number of research firms recently issued reports on SXT. ValuEngine upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Zacks Investment Research downgraded shares of Sensient Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Berenberg Bank set a $82.00 target price on shares of Sensient Technologies and gave the company a “buy” rating in a research report on Monday, October 22nd. TheStreet upgraded shares of Sensient Technologies from a “c+” rating to a “b” rating in a research report on Tuesday, September 18th. Finally, KeyCorp dropped their target price on shares of Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating on the stock in a research report on Monday, October 22nd.

In related news, Director Gebhardt Deborah Mckeithan bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 22nd. The shares were bought at an average price of $64.02 per share, for a total transaction of $128,040.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.94% of the stock is owned by insiders.



Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Sensient Technologies by 0.4% during the 3rd quarter. BlackRock Inc. now owns 4,832,355 shares of the specialty chemicals company’s stock valued at $369,727,000 after acquiring an additional 17,190 shares during the period. Vanguard Group Inc. raised its holdings in Sensient Technologies by 1.0% during the third quarter. Vanguard Group Inc. now owns 4,273,291 shares of the specialty chemicals company’s stock worth $326,949,000 after buying an additional 42,038 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Sensient Technologies by 6.0% during the third quarter. Janus Henderson Group PLC now owns 4,045,926 shares of the specialty chemicals company’s stock worth $309,554,000 after buying an additional 230,708 shares during the last quarter. Atlanta Capital Management Co. L L C raised its holdings in Sensient Technologies by 270.6% during the third quarter. Atlanta Capital Management Co. L L C now owns 1,132,357 shares of the specialty chemicals company’s stock worth $86,637,000 after buying an additional 826,805 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Sensient Technologies by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,126,395 shares of the specialty chemicals company’s stock worth $86,180,000 after buying an additional 47,920 shares during the last quarter. Institutional investors own 99.77% of the company’s stock.

Shares of NYSE SXT opened at $61.42 on Friday. The company has a market capitalization of $2.63 billion, a PE ratio of 17.96 and a beta of 0.91. Sensient Technologies has a 52-week low of $60.49 and a 52-week high of $78.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.80 and a current ratio of 4.30.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.95. The firm had revenue of $342.73 million for the quarter. Sensient Technologies had a net margin of 9.92% and a return on equity of 18.43%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. On average, equities research analysts expect that Sensient Technologies will post 3.55 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 5th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, November 2nd. This is an increase from Sensient Technologies’s previous quarterly dividend of $0.33. Sensient Technologies’s payout ratio is presently 42.11%.

Sensient Technologies Company Profile

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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