Sensient Technologies Corporation (NYSE:SXT)‘s stock had its “buy” rating reaffirmed by equities research analysts at KeyCorp in a research report issued on Friday. They currently have a $90.00 price target on the specialty chemicals company’s stock. KeyCorp’s price objective suggests a potential upside of 20.11% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Berenberg Bank initiated coverage on shares of Sensient Technologies Corporation in a research report on Friday, September 22nd. They set a “buy” rating and a $88.30 target price on the stock. Zacks Investment Research upgraded shares of Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, BidaskClub cut Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.

Sensient Technologies Corporation (SXT) traded down $0.55 during midday trading on Friday, hitting $74.93. The company had a trading volume of 134,172 shares, compared to its average volume of 196,417. The stock has a market capitalization of $3,316.29, a price-to-earnings ratio of 22.37, a P/E/G ratio of 2.58 and a beta of 1.08. The company has a current ratio of 3.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69.

Sensient Technologies Corporation (NYSE:SXT) last released its earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Sensient Technologies Corporation had a net margin of 7.89% and a return on equity of 17.34%. The company had revenue of $353.52 million for the quarter. During the same quarter in the previous year, the company posted $0.83 earnings per share. equities research analysts anticipate that Sensient Technologies Corporation will post 3.41 EPS for the current year.

Sensient Technologies Corporation announced that its Board of Directors has approved a share repurchase plan on Thursday, October 19th that authorizes the company to repurchase 3,000,000 shares. This repurchase authorization authorizes the specialty chemicals company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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In other news, Director Fergus M. Clydesdale sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $76.00, for a total value of $152,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.95% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in shares of Sensient Technologies Corporation by 732.3% in the 2nd quarter. Janus Henderson Group PLC now owns 3,126,256 shares of the specialty chemicals company’s stock valued at $251,757,000 after acquiring an additional 2,750,649 shares during the last quarter. State Street Corp increased its stake in shares of Sensient Technologies Corporation by 4.2% in the 2nd quarter. State Street Corp now owns 1,488,505 shares of the specialty chemicals company’s stock valued at $119,869,000 after acquiring an additional 60,015 shares during the last quarter. Northern Trust Corp increased its stake in shares of Sensient Technologies Corporation by 1.8% in the 2nd quarter. Northern Trust Corp now owns 1,254,899 shares of the specialty chemicals company’s stock valued at $101,057,000 after acquiring an additional 21,930 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sensient Technologies Corporation by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 951,438 shares of the specialty chemicals company’s stock valued at $76,619,000 after acquiring an additional 3,310 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in shares of Sensient Technologies Corporation by 4.5% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 804,015 shares of the specialty chemicals company’s stock valued at $64,747,000 after acquiring an additional 34,541 shares during the last quarter. 88.61% of the stock is owned by institutional investors.

About Sensient Technologies Corporation

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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