Sensient Technologies (NYSE:SXT) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Sensient Technologies Corporation (NYSE:SXT)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $101.33 and traded as high as $120.26. Sensient Technologies shares last traded at $118.7720, with a volume of 661,452 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Zacks Research raised Sensient Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. UBS Group reissued a “buy” rating on shares of Sensient Technologies in a report on Monday, June 22nd. Finally, Weiss Ratings upgraded Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sensient Technologies currently has an average rating of “Buy” and an average target price of $134.00.

Sensient Technologies Stock Down 1.2%

The company has a quick ratio of 1.97, a current ratio of 5.01 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average price of $115.05 and a 200-day moving average price of $101.33. The stock has a market capitalization of $5.06 billion, a P/E ratio of 35.04 and a beta of 0.80.

Sensient Technologies (NYSE:SXT) last posted its earnings results on Friday, April 24th. The specialty chemicals company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Sensient Technologies had a return on equity of 13.12% and a net margin of 8.71%.The company had revenue of $435.83 million for the quarter, compared to the consensus estimate of $411.39 million. During the same period in the previous year, the business earned $0.86 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. As a group, research analysts forecast that Sensient Technologies Corporation will post 3.9 EPS for the current fiscal year.

Sensient Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, May 11th. Sensient Technologies’s dividend payout ratio is 48.38%.

Insider Activity at Sensient Technologies

In other news, VP Thierry Hoang sold 439 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $114.15, for a total transaction of $50,111.85. Following the completion of the transaction, the vice president directly owned 14,309 shares in the company, valued at approximately $1,633,372.35. This represents a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Sensient Technologies

Hedge funds have recently bought and sold shares of the business. ADAR1 Capital Management LLC purchased a new position in shares of Sensient Technologies in the 1st quarter worth $1,297,000. Amundi increased its holdings in shares of Sensient Technologies by 42.7% in the 1st quarter. Amundi now owns 11,398 shares of the specialty chemicals company’s stock worth $985,000 after buying an additional 3,410 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Sensient Technologies by 26.4% during the 1st quarter. California State Teachers Retirement System now owns 43,777 shares of the specialty chemicals company’s stock valued at $3,784,000 after buying an additional 9,146 shares in the last quarter. Morningstar Investment Management LLC grew its position in Sensient Technologies by 5.7% in the first quarter. Morningstar Investment Management LLC now owns 5,369 shares of the specialty chemicals company’s stock worth $464,000 after acquiring an additional 291 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Sensient Technologies by 16.1% in the first quarter. Public Employees Retirement System of Ohio now owns 33,192 shares of the specialty chemicals company’s stock worth $2,869,000 after acquiring an additional 4,615 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.

About Sensient Technologies

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.