Sensient Technologies (NYSE:SXT) Price Target Raised to $140.00 at Robert W. Baird

Sensient Technologies (NYSE:SXT) had its price objective increased by Robert W. Baird from $125.00 to $140.00 in a research note published on Monday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the specialty chemicals company’s stock.

SXT has been the topic of several other research reports. Weiss Ratings upgraded shares of Sensient Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Zacks Research cut shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. UBS Group reiterated a “buy” rating on shares of Sensient Technologies in a report on Monday, June 22nd. Finally, Rothschild & Co Redburn started coverage on shares of Sensient Technologies in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.00.

Sensient Technologies Stock Performance

SXT opened at $125.49 on Monday. The firm has a fifty day moving average price of $116.97 and a 200 day moving average price of $104.53. Sensient Technologies has a 1 year low of $82.60 and a 1 year high of $131.04. The stock has a market cap of $5.34 billion, a P/E ratio of 33.83 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.39 and a quick ratio of 1.72.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.03 by $0.17. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The company had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. During the same quarter last year, the business earned $0.88 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Equities research analysts anticipate that Sensient Technologies will post 4.15 earnings per share for the current year.

Sensient Technologies Announces Dividend

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

Insider Buying and Selling at Sensient Technologies

In other news, VP Thierry Hoang sold 400 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $115.19, for a total transaction of $46,076.00. Following the completion of the sale, the vice president owned 13,909 shares in the company, valued at $1,602,177.71. This trade represents a 2.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC increased its stake in Sensient Technologies by 146.2% during the fourth quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 174 shares during the last quarter. Farther Finance Advisors LLC raised its position in Sensient Technologies by 313.5% in the fourth quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 232 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Sensient Technologies in the fourth quarter valued at $33,000. Advisors Asset Management Inc. lifted its stake in shares of Sensient Technologies by 53.1% in the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 139 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Sensient Technologies in the 4th quarter valued at $44,000. 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.