Sensient Technologies Co. (SXT) Raised to “Hold” at Zacks Investment Research

Sensient Technologies Co. (NYSE:SXT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, April 14th.

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) “

Separately, KeyCorp raised their target price on Sensient Technologies from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, January 23rd.

Sensient Technologies (NYSE:SXT) traded up 0.69% during trading on Friday, hitting $80.38. The company had a trading volume of 49,611 shares. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 33.12 and a beta of 0.92. The firm has a 50-day moving average of $80.48 and a 200 day moving average of $78.75. Sensient Technologies has a 12-month low of $66.36 and a 12-month high of $84.55.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Tuesday, April 25th. The specialty chemicals company reported $0.82 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.82. Sensient Technologies had a return on equity of 16.73% and a net margin of 9.13%. The firm had revenue of $341.40 million for the quarter. During the same quarter last year, the business earned $0.75 EPS. On average, equities research analysts forecast that Sensient Technologies will post $3.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Friday, May 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, May 10th. Sensient Technologies’s dividend payout ratio is presently 42.70%.

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Several large investors have recently added to or reduced their stakes in SXT. Horan Securities Inc. purchased a new stake in Sensient Technologies during the first quarter valued at $124,000. Sei Investments Co. increased its stake in Sensient Technologies by 634.8% in the third quarter. Sei Investments Co. now owns 2,388 shares of the specialty chemicals company’s stock valued at $181,000 after buying an additional 2,063 shares during the period. Airain ltd purchased a new stake in Sensient Technologies during the first quarter valued at $202,000. Gideon Capital Advisors Inc. bought a new position in shares of Sensient Technologies during the fourth quarter valued at approximately $203,000. Finally, World Asset Management Inc increased its position in shares of Sensient Technologies by 0.4% in the first quarter. World Asset Management Inc now owns 2,739 shares of the specialty chemicals company’s stock valued at $217,000 after buying an additional 11 shares during the last quarter. 88.99% of the stock is currently owned by institutional investors.

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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