UBS Group Issues Positive Forecast for Sensient Technologies (NYSE:SXT) Stock Price

Sensient Technologies (NYSE:SXT) had its target price increased by UBS Group from $143.00 to $155.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

SXT has been the subject of several other reports. Zacks Research cut Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Weiss Ratings raised Sensient Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Rothschild & Co Redburn started coverage on Sensient Technologies in a research note on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Monday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $140.00.

Sensient Technologies Trading Down 1.0%

Shares of NYSE:SXT opened at $125.49 on Monday. The company’s 50-day moving average price is $116.97 and its two-hundred day moving average price is $104.53. Sensient Technologies has a one year low of $82.60 and a one year high of $131.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.39 and a quick ratio of 1.72. The stock has a market capitalization of $5.34 billion, a PE ratio of 33.83 and a beta of 0.78.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings data on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. The company had revenue of $462.08 million during the quarter, compared to analysts’ expectations of $448.84 million. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%.Sensient Technologies’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. On average, equities analysts forecast that Sensient Technologies will post 4.15 EPS for the current fiscal year.

Sensient Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Sensient Technologies’s dividend payout ratio is presently 48.38%.

Insider Transactions at Sensient Technologies

In related news, VP Thierry Hoang sold 400 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $115.19, for a total value of $46,076.00. Following the completion of the sale, the vice president directly owned 13,909 shares in the company, valued at approximately $1,602,177.71. This trade represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Sensient Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL acquired a new position in shares of Sensient Technologies during the 3rd quarter worth approximately $4,142,000. JPMorgan Chase & Co. lifted its holdings in Sensient Technologies by 47.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 98,683 shares of the specialty chemicals company’s stock valued at $9,261,000 after purchasing an additional 31,777 shares during the last quarter. Mountaineer Partners Management LLC acquired a new stake in Sensient Technologies during the 4th quarter valued at $11,001,000. Fox Run Management L.L.C. bought a new position in Sensient Technologies during the fourth quarter worth $962,000. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Sensient Technologies during the first quarter worth $77,955,000. Institutional investors own 90.86% of the company’s stock.

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.