Sensient Technologies Co. (SXT) Given Average Rating of “Hold” by Brokerages

Sensient Technologies Co. (NYSE:SXT) has received an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $89.15.

A number of research analysts recently commented on the stock. Off Wall Street assumed coverage on shares of Sensient Technologies in a research note on Monday, December 18th. They issued a “sell” rating on the stock. KeyCorp reiterated a “buy” rating and issued a $90.00 price target on shares of Sensient Technologies in a research note on Friday, November 3rd. Finally, TheStreet lowered shares of Sensient Technologies from a “b” rating to a “c+” rating in a research note on Thursday.

In other Sensient Technologies news, Director Essie Whitelaw sold 1,520 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $75.00, for a total transaction of $114,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.95% of the company’s stock.

Several large investors have recently made changes to their positions in SXT. Atlanta Capital Management Co. L L C acquired a new position in shares of Sensient Technologies during the 3rd quarter worth approximately $21,336,000. Victory Capital Management Inc. grew its position in shares of Sensient Technologies by 104.8% during the 4th quarter. Victory Capital Management Inc. now owns 390,646 shares of the specialty chemicals company’s stock worth $28,576,000 after purchasing an additional 199,921 shares in the last quarter. BlackRock Inc. grew its position in shares of Sensient Technologies by 3.9% during the 4th quarter. BlackRock Inc. now owns 4,759,009 shares of the specialty chemicals company’s stock worth $348,121,000 after purchasing an additional 179,909 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Sensient Technologies by 18.4% during the 3rd quarter. Wells Fargo & Company MN now owns 546,199 shares of the specialty chemicals company’s stock worth $42,014,000 after purchasing an additional 84,767 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Sensient Technologies by 153.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 125,294 shares of the specialty chemicals company’s stock worth $10,090,000 after purchasing an additional 75,874 shares in the last quarter. Hedge funds and other institutional investors own 88.32% of the company’s stock.

Sensient Technologies (SXT) opened at $68.09 on Friday. Sensient Technologies has a 52 week low of $65.60 and a 52 week high of $84.98. The company has a market cap of $2,996.36, a PE ratio of 28.14, a P/E/G ratio of 2.12 and a beta of 0.98. The company has a quick ratio of 1.42, a current ratio of 3.59 and a debt-to-equity ratio of 0.69.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.84. Sensient Technologies had a net margin of 7.89% and a return on equity of 17.34%. equities analysts forecast that Sensient Technologies will post 3.41 earnings per share for the current year.

Sensient Technologies declared that its Board of Directors has initiated a share buyback program on Thursday, October 19th that allows the company to buyback 3,000,000 outstanding shares. This buyback authorization allows the specialty chemicals company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 6th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a $1.32 dividend on an annualized basis and a yield of 1.94%. Sensient Technologies’s dividend payout ratio (DPR) is currently 54.55%.

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Sensient Technologies 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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