Sensient Technologies (NYSE:SXT) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Sensient Technologies (NYSE:SXTFree Report) from a hold rating to a buy rating in a research note published on Friday morning.

Separately, Robert W. Baird lifted their price objective on shares of Sensient Technologies from $70.00 to $80.00 and gave the company an outperform rating in a research note on Monday, April 29th.

Read Our Latest Report on SXT

Sensient Technologies Trading Down 1.2 %

Shares of SXT stock opened at $76.11 on Friday. The stock has a market cap of $3.22 billion, a P/E ratio of 35.40 and a beta of 0.78. Sensient Technologies has a 1 year low of $52.90 and a 1 year high of $78.43. The company has a current ratio of 4.31, a quick ratio of 1.71 and a debt-to-equity ratio of 0.60. The stock has a 50 day simple moving average of $72.72 and a 200 day simple moving average of $67.03.

Sensient Technologies (NYSE:SXTGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $0.79 EPS for the quarter. The company 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%. On average, research analysts predict that Sensient Technologies will post 2.85 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 6th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, May 3rd. Sensient Technologies’s payout ratio is 76.28%.

Insider Transactions at Sensient Technologies

In related news, Director Essie Whitelaw sold 600 shares of Sensient Technologies stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $75.84, for a total transaction of $45,504.00. Following the sale, the director now directly owns 21,826 shares of the company’s stock, valued at approximately $1,655,283.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Steven B. Morris sold 400 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $72.97, for a total transaction of $29,188.00. Following the sale, the insider now owns 4,082 shares in the company, valued at approximately $297,863.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Essie Whitelaw sold 600 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.84, for a total value of $45,504.00. Following the completion of the transaction, the director now owns 21,826 shares of the company’s stock, valued at $1,655,283.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,037 shares of company stock valued at $153,245. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Covestor Ltd lifted its holdings in shares of Sensient Technologies by 32.2% during the third quarter. Covestor Ltd now owns 1,087 shares of the specialty chemicals company’s stock worth $64,000 after purchasing an additional 265 shares during the period. CWM LLC grew its position in shares of Sensient Technologies by 30.5% in the 4th quarter. CWM LLC now owns 1,558 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 364 shares during the last quarter. TFO Wealth Partners LLC increased its stake in shares of Sensient Technologies by 44,075.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,767 shares of the specialty chemicals company’s stock valued at $117,000 after buying an additional 1,763 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Sensient Technologies by 30.9% in the third quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the specialty chemicals company’s stock worth $130,000 after acquiring an additional 525 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Sensient Technologies in the third quarter valued at approximately $175,000. Institutional investors 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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