StockNews.com Upgrades Sensient Technologies (NYSE:SXT) to Buy

Sensient Technologies (NYSE:SXTGet Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Separately, Robert W. Baird boosted their price target on Sensient Technologies from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, April 29th.

Read Our Latest Research Report on SXT

Sensient Technologies Trading Down 1.2 %

SXT stock traded down $0.94 during midday trading on Friday, hitting $76.11. 96,985 shares of the company’s stock were exchanged, compared to its average volume of 205,527. The stock’s fifty day moving average price is $72.72 and its 200-day moving average price is $67.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.71 and a current ratio of 4.31. The company has a market cap of $3.22 billion, a PE ratio of 35.40 and a beta of 0.78. Sensient Technologies has a one year low of $52.90 and a one year high of $78.43.

Sensient Technologies (NYSE:SXTGet Free Report) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $0.79 earnings per share for the quarter. The firm had revenue of $384.67 million for the quarter. Sensient Technologies had a return on equity of 11.40% and a net margin of 6.16%. Research analysts predict that Sensient Technologies will post 2.85 earnings per share for the current fiscal year.

Insider Activity at Sensient Technologies

In other Sensient Technologies news, Director Essie Whitelaw sold 1,037 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $75.75, for a total transaction of $78,552.75. Following the transaction, the director now owns 20,789 shares of the company’s stock, valued at $1,574,766.75. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Sensient Technologies news, Director Essie Whitelaw sold 1,037 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $75.75, for a total transaction of $78,552.75. Following the transaction, the director now owns 20,789 shares of the company’s stock, valued at $1,574,766.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Steven B. Morris sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $72.97, for a total value of $29,188.00. Following the transaction, the insider now directly owns 4,082 shares in the company, valued at approximately $297,863.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,037 shares of company stock valued at $153,245. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Sensient Technologies

Several institutional investors and hedge funds have recently made changes to their positions in SXT. Winder Pte. Ltd. bought a new stake in shares of Sensient Technologies in the third quarter valued at approximately $368,711,000. Norges Bank bought a new stake in shares of Sensient Technologies in the fourth quarter valued at approximately $36,188,000. Vanguard Group Inc. boosted its stake in shares of Sensient Technologies by 9.4% in the third quarter. Vanguard Group Inc. now owns 5,325,028 shares of the specialty chemicals company’s stock valued at $311,408,000 after buying an additional 457,446 shares during the period. Nordea Investment Management AB boosted its stake in shares of Sensient Technologies by 21.9% in the fourth quarter. Nordea Investment Management AB now owns 1,688,101 shares of the specialty chemicals company’s stock valued at $111,617,000 after buying an additional 303,612 shares during the period. Finally, SG Capital Management LLC boosted its stake in shares of Sensient Technologies by 182.3% in the first quarter. SG Capital Management LLC now owns 280,176 shares of the specialty chemicals company’s stock valued at $19,385,000 after buying an additional 180,933 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

Sensient Technologies Company Profile

(Get Free Report)

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.

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