Sensient Technologies Corporation (NYSE:SXT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Sensient Technologies Corporation is a leading global supplier of colors, flavors and fragrances. Using sophisticated technologies at facilities around the world, the Company develops unique formulations and ingredients that bring life to its customers’ products. Sensient manufactures a full range of ink-jet inks, cosmetic and pharmaceutical additives, as well as colors and flavors for many of the world’s best-known brands. (Press Release) “

SXT has been the subject of a number of other research reports. BidaskClub lowered Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. KeyCorp reaffirmed a “buy” rating and set a $90.00 price target on shares of Sensient Technologies Corporation in a research report on Thursday, August 24th.

Sensient Technologies Corporation (NYSE:SXT) opened at 75.24 on Friday. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 30.30 and a beta of 1.08. The firm has a 50-day moving average price of $73.43 and a 200 day moving average price of $78.71. Sensient Technologies Corporation has a one year low of $68.51 and a one year high of $84.98.

Sensient Technologies Corporation (NYSE:SXT) last released its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $338.48 million during the quarter. Sensient Technologies Corporation had a return on equity of 17.15% and a net margin of 8.16%. Equities analysts expect that Sensient Technologies Corporation will post $3.41 earnings per share for the current fiscal year.

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In other news, Director Joseph Carleone bought 1,000 shares of Sensient Technologies Corporation stock in a transaction on Monday, July 24th. The shares were purchased at an average price of $75.32 per share, for a total transaction of $75,320.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.95% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in shares of Sensient Technologies Corporation by 5,636.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,721 shares of the specialty chemicals company’s stock worth $136,000 after acquiring an additional 1,691 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Sensient Technologies Corporation by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock worth $143,000 after acquiring an additional 139 shares during the period. Airain ltd purchased a new position in shares of Sensient Technologies Corporation during the 1st quarter worth approximately $202,000. Acrospire Investment Management LLC grew its holdings in shares of Sensient Technologies Corporation by 118.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,584 shares of the specialty chemicals company’s stock worth $208,000 after acquiring an additional 1,400 shares during the period. Finally, World Asset Management Inc grew its holdings in shares of Sensient Technologies Corporation by 0.4% during the 1st quarter. World Asset Management Inc now owns 2,739 shares of the specialty chemicals company’s stock worth $217,000 after acquiring an additional 11 shares during the period. Hedge funds and other institutional investors own 89.59% of the company’s stock.

Sensient Technologies Corporation Company Profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

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