ValuEngine downgraded shares of Sensient Technologies (NYSE:SXT) from a hold rating to a sell rating in a research report report published on Friday morning.

SXT has been the topic of a number of other reports. TheStreet raised shares of Sensient Technologies from a c+ rating to a b rating in a research note on Tuesday, September 18th. Zacks Investment Research raised shares of Sensient Technologies from a sell rating to a hold rating in a research note on Saturday, August 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $87.33.

SXT traded down $12.28 during trading on Friday, reaching $64.48. The company’s stock had a trading volume of 2,933,016 shares, compared to its average volume of 358,558. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 1.83. Sensient Technologies has a 1 year low of $63.32 and a 1 year high of $80.98. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 18.85 and a beta of 0.75.

Sensient Technologies (NYSE:SXT) last released its earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.95. Sensient Technologies had a net margin of 8.77% and a return on equity of 18.11%. The business had revenue of $342.73 million for the quarter. During the same period last year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Sensient Technologies will post 3.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 5th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.23%. This is a positive change from Sensient Technologies’s previous quarterly dividend of $0.33. Sensient Technologies’s dividend payout ratio (DPR) is 38.60%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC raised its position in shares of Sensient Technologies by 2.1% during the 2nd quarter. Mutual of America Capital Management LLC now owns 36,346 shares of the specialty chemicals company’s stock valued at $2,601,000 after buying an additional 741 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Sensient Technologies by 54.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,282 shares of the specialty chemicals company’s stock valued at $164,000 after buying an additional 808 shares during the period. OppenheimerFunds Inc. raised its position in shares of Sensient Technologies by 14.6% during the 2nd quarter. OppenheimerFunds Inc. now owns 6,446 shares of the specialty chemicals company’s stock valued at $461,000 after buying an additional 820 shares during the period. Zebra Capital Management LLC raised its position in shares of Sensient Technologies by 16.1% during the 2nd quarter. Zebra Capital Management LLC now owns 6,079 shares of the specialty chemicals company’s stock valued at $435,000 after buying an additional 841 shares during the period. Finally, Flinton Capital Management LLC raised its position in shares of Sensient Technologies by 19.1% during the 2nd quarter. Flinton Capital Management LLC now owns 5,404 shares of the specialty chemicals company’s stock valued at $387,000 after buying an additional 868 shares during the period. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Sensient Technologies Company Profile

Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.

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