Sensient Technologies Corporation (NYSE:SXT) has been assigned a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company. Sensient Technologies’ rating score has improved by 16.5% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price target of $90.00 for the company and are predicting that the company will post $0.84 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sensient Technologies an industry rank of 99 out of 265 based on the ratings given to its competitors.
Several brokerages have recently commented on SXT. Zacks Investment Research upgraded Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Berenberg Bank began coverage on Sensient Technologies in a research note on Friday, September 22nd. They set a “buy” rating and a $88.30 target price for the company. Finally, KeyCorp reiterated a “buy” rating and set a $90.00 target price on shares of Sensient Technologies in a research note on Friday, November 3rd.
Sensient Technologies (NYSE:SXT) opened at $76.80 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 3.59. Sensient Technologies has a 1 year low of $71.21 and a 1 year high of $84.98. The firm has a market capitalization of $3,350.00, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 2.61 and a beta of 1.07.
Sensient Technologies (NYSE:SXT) last issued its earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. Sensient Technologies had a return on equity of 17.34% and a net margin of 7.89%. The company had revenue of $353.52 million during the quarter. During the same quarter in the prior year, the firm posted $0.83 earnings per share. sell-side analysts forecast that Sensient Technologies will post 3.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 6th were paid a dividend of $0.33 per share. This is an increase from Sensient Technologies’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, November 3rd. Sensient Technologies’s payout ratio is currently 54.32%.
Sensient Technologies announced that its board has initiated a stock buyback plan on Thursday, October 19th that permits the company to repurchase 3,000,000 shares. This repurchase authorization permits the specialty chemicals company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director Essie Whitelaw sold 1,520 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $75.00, for a total value of $114,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Fergus M. Clydesdale sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $76.00, for a total value of $152,000.00. The disclosure for this sale can be found here. Insiders sold a total of 4,187 shares of company stock valued at $316,125 over the last 90 days. 0.95% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP bought a new stake in Sensient Technologies in the 2nd quarter valued at $1,448,000. Tributary Capital Management LLC lifted its position in shares of Sensient Technologies by 11.1% during the 3rd quarter. Tributary Capital Management LLC now owns 238,051 shares of the specialty chemicals company’s stock valued at $18,311,000 after acquiring an additional 23,809 shares during the period. Eagle Asset Management Inc. lifted its position in shares of Sensient Technologies by 58.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 537,892 shares of the specialty chemicals company’s stock valued at $43,316,000 after acquiring an additional 199,123 shares during the period. Geneva Advisors LLC lifted its position in shares of Sensient Technologies by 3.2% during the 2nd quarter. Geneva Advisors LLC now owns 6,680 shares of the specialty chemicals company’s stock valued at $538,000 after acquiring an additional 208 shares during the period. Finally, Old Mutual Global Investors UK Ltd. bought a new stake in shares of Sensient Technologies during the 3rd quarter valued at $394,000. Institutional investors and hedge funds own 90.17% of the company’s stock.
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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