Robert W. Baird Increases Sensient Technologies (NYSE:SXT) Price Target to $80.00

Sensient Technologies (NYSE:SXT) had its price target lifted by research analysts at Robert W. Baird from $70.00 to $80.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Robert W. Baird’s price objective indicates a potential upside of 9.23% from the stock’s current price.

Sensient Technologies Stock Performance

Sensient Technologies stock opened at $73.24 on Monday. Sensient Technologies has a 1 year low of $52.90 and a 1 year high of $78.70. The company’s 50-day moving average is $68.26 and its two-hundred day moving average is $63.57. The company has a current ratio of 4.31, a quick ratio of 1.71 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.10 billion, a PE ratio of 34.06 and a beta of 0.79.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, February 9th. The specialty chemicals company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). Sensient Technologies had a return on equity of 11.40% and a net margin of 6.16%. The business had revenue of $349.30 million for the quarter, compared to analyst estimates of $371.10 million. During the same period in the prior year, the firm posted $0.64 EPS. Sensient Technologies’s revenue was up .2% on a year-over-year basis. Equities analysts anticipate that Sensient Technologies will post 2.85 earnings per share for the current year.

Institutional Trading of Sensient Technologies

A number of hedge funds have recently modified their holdings of SXT. Milestone Investment Advisors LLC bought a new stake in Sensient Technologies in the third quarter valued at approximately $29,000. Signaturefd LLC increased its position in shares of Sensient Technologies by 1,486.7% in the 3rd quarter. Signaturefd LLC now owns 714 shares of the specialty chemicals company’s stock valued at $42,000 after buying an additional 669 shares in the last quarter. Covestor Ltd raised its stake in Sensient Technologies by 32.2% during the 3rd quarter. Covestor Ltd now owns 1,087 shares of the specialty chemicals company’s stock worth $64,000 after buying an additional 265 shares during the period. CWM LLC lifted its holdings in Sensient Technologies by 30.5% during the fourth quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock worth $103,000 after acquiring an additional 364 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its holdings in shares of Sensient Technologies by 44,075.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,767 shares of the specialty chemicals company’s stock worth $117,000 after acquiring an additional 1,763 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

Sensient Technologies Company Profile

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.