Sensient Technologies (NYSE:SXT) Stock Price Target Lowered at UBS Group

Sensient Technologies (NYSE:SXT) had its price target decreased by UBS Group from $157.00 to $154.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. UBS Group‘s price target would suggest a potential upside of 30.43% from the stock’s previous close.

A number of other research firms have also commented on SXT. Robert W. Baird increased their price target on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Rothschild & Co Redburn started coverage on Sensient Technologies in a research report on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 price objective on the stock. Weiss Ratings downgraded Sensient Technologies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Wall Street Zen downgraded Sensient Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research lowered Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Sensient Technologies has an average rating of “Moderate Buy” and an average price target of $139.67.

Sensient Technologies Stock Up 0.4%

NYSE SXT traded up $0.44 during trading hours on Monday, hitting $118.07. The company’s stock had a trading volume of 1,843,775 shares, compared to its average volume of 405,762. The company has a market capitalization of $5.03 billion, a PE ratio of 29.74 and a beta of 0.86. The company has a current ratio of 3.97, a quick ratio of 1.52 and a debt-to-equity ratio of 0.61. Sensient Technologies has a 52 week low of $82.60 and a 52 week high of $138.82. The company’s 50-day simple moving average is $131.59 and its two-hundred day simple moving average is $113.61.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, October 30th. The specialty chemicals company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. Sensient Technologies had a return on equity of 14.08% and a net margin of 9.69%. The firm had revenue of $455.84 million during the quarter, compared to analyst estimates of $459.05 million. During the same period in the previous year, the company posted $0.96 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts anticipate that Sensient Technologies will post 4.20 EPS for the current fiscal year.

Insider Buying and Selling at Sensient Technologies

In other news, Director Mario Ferruzzi sold 1,200 shares of Sensient Technologies stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total value of $155,376.00. Following the completion of the transaction, the director directly owned 7,352 shares in the company, valued at approximately $951,936.96. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sensient Technologies in the second quarter valued at approximately $26,000. Silvant Capital Management LLC bought a new stake in Sensient Technologies during the 2nd quarter worth approximately $27,000. Global Retirement Partners LLC bought a new stake in Sensient Technologies during the 2nd quarter worth approximately $36,000. Integrated Wealth Concepts LLC purchased a new stake in Sensient Technologies in the 2nd quarter worth approximately $37,000. Finally, GAMMA Investing LLC lifted its stake in Sensient Technologies by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the specialty chemicals company’s stock worth $116,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 90.86% of the company’s stock.

Sensient Technologies Company Profile

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.