Sensient Technologies Co. (NYSE:SXT) – Stock analysts at KeyCorp cut their Q1 2018 earnings estimates for Sensient Technologies in a research note issued to investors on Monday. KeyCorp analyst M. Sison now anticipates that the specialty chemicals company will post earnings of $0.90 per share for the quarter, down from their prior estimate of $0.93. KeyCorp has a “Buy” rating and a $90.00 price target on the stock. KeyCorp also issued estimates for Sensient Technologies’ Q2 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.95 EPS, FY2018 earnings at $3.80 EPS and FY2019 earnings at $4.15 EPS.
Several other research analysts also recently issued reports on SXT. TheStreet downgraded shares of Sensient Technologies from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Gabelli upgraded shares of Sensient Technologies from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Monday. Finally, Off Wall Street began coverage on shares of Sensient Technologies in a research report on Monday, December 18th. They set a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $90.77.
Sensient Technologies (NYSE:SXT) last issued its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The company had revenue of $328.87 million for the quarter. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Carillon Tower Advisers Inc. bought a new stake in Sensient Technologies during the 4th quarter worth about $38,163,000. Champlain Investment Partners LLC bought a new stake in Sensient Technologies during the 4th quarter worth about $20,522,000. Atlanta Capital Management Co. L L C bought a new stake in Sensient Technologies during the 3rd quarter worth about $21,336,000. Standard Life Aberdeen plc raised its holdings in Sensient Technologies by 30.3% during the 4th quarter. Standard Life Aberdeen plc now owns 1,027,093 shares of the specialty chemicals company’s stock worth $75,137,000 after purchasing an additional 239,123 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in 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 during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.
In related news, Director Essie Whitelaw sold 667 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $75.15, for a total transaction of $50,125.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.95% of the stock is owned by corporate insiders.
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 given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $1.32 annualized dividend and a yield of 1.90%. Sensient Technologies’s dividend payout ratio (DPR) is 65.02%.
Sensient Technologies announced that its Board of Directors has authorized a stock buyback program on Thursday, October 19th that permits the company to buyback 3,000,000 shares. This buyback authorization permits the specialty chemicals company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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About Sensient Technologies
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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