Sensient Technologies (NYSE:SXT) Stock Gets Price Target Trim from UBS Group

Sensient Technologies (NYSE:SXT) had its price target reduced by UBS Group from $157.00 to $154.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other analysts have also recently commented on SXT. Robert W. Baird raised their price objective on shares of Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Zacks Research lowered shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Weiss Ratings cut shares of Sensient Technologies from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Wall Street Zen cut shares of Sensient Technologies from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Finally, 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 target for the company. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $139.67.

Sensient Technologies Stock Performance

NYSE SXT opened at $125.58 on Monday. The company has a quick ratio of 1.52, a current ratio of 3.97 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $130.62 and its 200 day moving average price is $113.97. Sensient Technologies has a 52-week low of $82.60 and a 52-week high of $138.82. The firm has a market cap of $5.34 billion, a P/E ratio of 31.63, a P/E/G ratio of 1.59 and a beta of 0.86.

Sensient Technologies (NYSE:SXT) last announced 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. The company had revenue of $455.84 million during the quarter, compared to the consensus estimate of $459.05 million. Sensient Technologies had a net margin of 9.69% and a return on equity of 14.08%. Sensient Technologies’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. On average, equities research analysts expect that Sensient Technologies will post 4.20 earnings per share for the current year.

Sensient Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 9th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, November 9th. This represents a $1.64 annualized dividend and a dividend yield of 1.3%. Sensient Technologies’s dividend payout ratio (DPR) is 41.31%.

Institutional Trading of Sensient Technologies

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Sensient Technologies in the second quarter valued at $818,403,000. Jupiter Topco LLC acquired a new position in Sensient Technologies during the second quarter worth about $211,264,000. Bank of New York Mellon Corp acquired a new position in Sensient Technologies during the second quarter worth about $47,173,000. Ceredex Value Advisors LLC acquired a new position in Sensient Technologies during the second quarter worth about $40,174,000. Finally, Moore Capital Management LP bought a new stake in Sensient Technologies in the second quarter worth about $34,370,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

About Sensient Technologies

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.