Sensient Technologies (NYSE:SXT) Price Target Raised to $155.00

Sensient Technologies (NYSE:SXT) had its price objective raised by UBS Group from $143.00 to $155.00 in a report published on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the specialty chemicals company’s stock.

Several other brokerages also recently issued reports on SXT. Rothschild & Co Redburn started coverage on shares of Sensient Technologies in a research report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective for the company. Robert W. Baird upped their target price on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday. Zacks Research downgraded Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Weiss Ratings upgraded Sensient Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $140.00.

Sensient Technologies Price Performance

NYSE:SXT opened at $122.28 on Monday. Sensient Technologies has a one year low of $82.60 and a one year high of $131.04. The company has a market cap of $5.21 billion, a P/E ratio of 32.96 and a beta of 0.78. The firm’s fifty day moving average price is $117.35 and its two-hundred day moving average price is $104.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.39 and a quick ratio of 1.72.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings data on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. The company had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Equities analysts expect that Sensient Technologies will post 4.2 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Sensient Technologies’s dividend payout ratio (DPR) is currently 44.20%.

Insiders Place Their Bets

In other Sensient Technologies news, VP Thierry Hoang sold 400 shares of Sensient Technologies stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $115.19, for a total value of $46,076.00. Following the completion of the sale, the vice president owned 13,909 shares in the company, valued at $1,602,177.71. The trade was a 2.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sensient Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MML Investors Services LLC boosted its stake in shares of Sensient Technologies by 3.9% in the fourth quarter. MML Investors Services LLC now owns 3,146 shares of the specialty chemicals company’s stock valued at $296,000 after buying an additional 119 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Sensient Technologies by 1.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,675 shares of the specialty chemicals company’s stock valued at $909,000 after acquiring an additional 130 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Sensient Technologies by 53.1% during the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 139 shares in the last quarter. Covestor Ltd increased its position in shares of Sensient Technologies by 31.7% in the fourth quarter. Covestor Ltd now owns 594 shares of the specialty chemicals company’s stock worth $56,000 after purchasing an additional 143 shares during the period. Finally, Evergreen Capital Management LLC increased its position in shares of Sensient Technologies by 3.4% in the second quarter. Evergreen Capital Management LLC now owns 4,500 shares of the specialty chemicals company’s stock worth $443,000 after purchasing an additional 146 shares during the period. 90.86% of the stock is currently owned by institutional investors and hedge funds.

About Sensient Technologies

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.