Sensient Technologies (NYSE:SXT) Raised to “Hold” at Zacks Research

by · The Cerbat Gem

Sensient Technologies (NYSE:SXT – Get Free Report) was upgraded by Zacks Research to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Sensient Technologies in a research report on Monday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $110.00.

Check Out Our Latest Stock Analysis on SXT

Sensient Technologies Price Performance

Shares of SXT opened at $96.50 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 4.59 and a debt-to-equity ratio of 0.60. The stock has a market cap of $4.10 billion, a PE ratio of 29.51 and a beta of 0.58. Sensient Technologies has a 12-month low of $66.14 and a 12-month high of $121.54. The business has a 50-day simple moving average of $94.26 and a two-hundred day simple moving average of $101.52.

Sensient Technologies (NYSE:SXT – Get Free Report) last released its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.06. Sensient Technologies had a return on equity of 12.91% and a net margin of 8.72%.The company had revenue of $412.11 million for the quarter, compared to analysts’ expectations of $407.45 million. During the same period in the previous year, the business posted $0.80 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts anticipate that Sensient Technologies will post 3.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Essie Whitelaw sold 3,985 shares of Sensient Technologies stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $95.02, for a total transaction of $378,654.70. Following the completion of the transaction, the director owned 17,128 shares of the company’s stock, valued at $1,627,502.56. This trade represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David J. Plautz bought 2,150 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average price of $92.98 per share, for a total transaction of $199,907.00. Following the acquisition, the vice president owned 2,999 shares of the company’s stock, valued at $278,847.02. This trade represents a 253.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SXT. Pacific Capital Partners Ltd acquired a new stake in shares of Sensient Technologies in the 2nd quarter valued at about $985,000. Public Employees Retirement System of Ohio raised its stake in Sensient Technologies by 3,508.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 27,066 shares of the specialty chemicals company’s stock worth $2,667,000 after buying an additional 26,316 shares during the period. American Century Companies Inc. boosted its holdings in Sensient Technologies by 88.7% in the first quarter. American Century Companies Inc. now owns 12,779 shares of the specialty chemicals company’s stock worth $951,000 after acquiring an additional 6,008 shares in the last quarter. CW Advisors LLC grew its stake in Sensient Technologies by 15.4% in the second quarter. CW Advisors LLC now owns 108,654 shares of the specialty chemicals company’s stock valued at $10,705,000 after acquiring an additional 14,498 shares during the period. Finally, Graham Capital Management L.P. grew its stake in Sensient Technologies by 52.6% in the first quarter. Graham Capital Management L.P. now owns 17,798 shares of the specialty chemicals company’s stock valued at $1,325,000 after acquiring an additional 6,135 shares during the period. 90.86% of the stock is owned by institutional investors.

About Sensient Technologies

(Get Free Report)

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.

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