Equities research analysts at Off Wall Street began coverage on shares of Sensient Technologies (NYSE:SXT) in a note issued to investors on Monday. The firm set a “sell” rating on the specialty chemicals company’s stock.

SXT has been the topic of a number of other research reports. Zacks Investment Research raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Berenberg Bank started coverage on shares of Sensient Technologies in a research report on Friday, September 22nd. They issued a “buy” rating and a $88.30 target price on the stock. Finally, KeyCorp reaffirmed a “buy” rating and issued a $90.00 target price on shares of Sensient Technologies in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $89.15.

Sensient Technologies (NYSE SXT) opened at $74.46 on Monday. The company has a current ratio of 3.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3,270.00, a PE ratio of 22.40, a PEG ratio of 2.58 and a beta of 1.07. Sensient Technologies has a 1 year low of $71.21 and a 1 year high of $84.98.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.01. The firm had revenue of $353.52 million for the quarter. Sensient Technologies had a net margin of 7.89% and a return on equity of 17.34%. During the same period in the previous year, the firm posted $0.83 EPS. analysts expect that Sensient Technologies will post 3.41 earnings per share for the current year.

Sensient Technologies declared that its board has approved a share buyback plan on Thursday, October 19th that authorizes the company to repurchase 3,000,000 outstanding shares. This repurchase authorization authorizes the specialty chemicals company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

In other Sensient Technologies news, Director Essie Whitelaw sold 667 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $75.15, for a total transaction of $50,125.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Fergus M. Clydesdale sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $76.00, for a total transaction of $152,000.00. The disclosure for this sale can be found here. Insiders sold 4,187 shares of company stock worth $316,125 in the last ninety days. 0.95% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sensient Technologies by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,774 shares of the specialty chemicals company’s stock worth $143,000 after purchasing an additional 139 shares during the period. Acrospire Investment Management LLC increased its stake in Sensient Technologies by 118.2% during the second quarter. Acrospire Investment Management LLC now owns 2,584 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 1,400 shares during the period. Jane Street Group LLC purchased a new stake in Sensient Technologies during the third quarter worth about $221,000. Public Employees Retirement System of Ohio increased its stake in Sensient Technologies by 4.4% during the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock worth $227,000 after purchasing an additional 119 shares during the period. Finally, FDx Advisors Inc. purchased a new stake in Sensient Technologies during the third quarter worth about $231,000. Institutional investors own 88.26% of the company’s stock.

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Sensient Technologies Company Profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

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