Sensient Technologies (NYSE:SXT) Research Coverage Started at CJS Securities

CJS Securities initiated coverage on shares of Sensient Technologies (NYSE:SXT) in a research report report published on Tuesday, MarketBeat reports. The firm issued a market perform rating and a $95.00 target price on the specialty chemicals company’s stock.

Other analysts have also issued reports about the stock. Wall Street Zen lowered shares of Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 22nd. Robert W. Baird boosted their target price on Sensient Technologies from $85.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th.

Sensient Technologies Price Performance

Shares of NYSE:SXT opened at $94.71 on Tuesday. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 32.21 and a beta of 0.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34. Sensient Technologies has a 12 month low of $66.15 and a 12 month high of $98.27. The stock’s 50 day moving average price is $88.35 and its 200 day moving average price is $78.72.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. The company had revenue of $392.33 million for the quarter, compared to the consensus estimate of $387.70 million. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that Sensient Technologies will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Monday, May 12th. Sensient Technologies’s dividend payout ratio is 54.30%.

Insider Buying and Selling at Sensient Technologies

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,668 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $95.45, for a total transaction of $159,210.60. Following the completion of the sale, the director now directly owns 7,946 shares in the company, valued at approximately $758,445.70. This trade represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Sensient Technologies

Institutional investors have recently made changes to their positions in the stock. Freemont Capital Pte Ltd purchased a new position in shares of Sensient Technologies during the 4th quarter valued at $449,288,000. Congress Asset Management Co. acquired a new stake in Sensient Technologies during the first quarter valued at $49,984,000. Norges Bank purchased a new position in Sensient Technologies in the fourth quarter valued at about $45,757,000. Marshall Wace LLP acquired a new position in Sensient Technologies in the 4th quarter worth about $24,490,000. Finally, Nuveen LLC purchased a new stake in shares of Sensient Technologies during the 1st quarter worth about $24,434,000. 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.