Sensient Technologies (NYSE:SXT) Upgraded at Zacks Research

Zacks Research upgraded shares of Sensient Technologies (NYSE:SXT) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on SXT. UBS Group began coverage on Sensient Technologies in a report on Wednesday, April 1st. They issued a “buy” rating and a $115.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sensient Technologies in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Sensient Technologies presently has an average rating of “Hold” and an average price target of $111.67.

Sensient Technologies Trading Down 2.4%

Shares of SXT opened at $95.56 on Monday. The stock has a fifty day moving average of $92.24 and a two-hundred day moving average of $94.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 4.10. The company has a market capitalization of $4.07 billion, a PE ratio of 30.24 and a beta of 0.62. Sensient Technologies has a fifty-two week low of $78.27 and a fifty-two week high of $121.54.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, February 13th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.06). The business had revenue of $393.45 million during the quarter, compared to analyst estimates of $395.70 million. Sensient Technologies had a net margin of 8.34% and a return on equity of 12.82%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 earnings per share. Sensient Technologies has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, analysts forecast that Sensient Technologies will post 3.7 EPS for the current year.

Institutional Trading of Sensient Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in SXT. Salomon & Ludwin LLC increased its holdings in shares of Sensient Technologies by 146.2% during the 4th quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 174 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Sensient Technologies by 313.5% during the 4th quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 232 shares during the last quarter. State of Wyoming acquired a new stake in shares of Sensient Technologies during the 3rd quarter worth $32,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sensient Technologies during the 4th quarter worth $33,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Sensient Technologies by 53.1% during the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 139 shares during the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

About Sensient Technologies

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.