Sensient Technologies’ (SXT) Buy (B-) Rating Reiterated at Weiss Ratings

Sensient Technologies (NYSE:SXT)‘s stock had its “buy (b-)” rating reiterated by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Separately, Robert W. Baird increased their price target on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Sensient Technologies Trading Up 0.5%

Shares of SXT opened at $96.68 on Friday. The firm’s 50-day moving average is $102.78 and its two-hundred day moving average is $99.54. The firm has a market capitalization of $4.11 billion, a P/E ratio of 30.50 and a beta of 0.56. Sensient Technologies has a twelve month low of $66.14 and a twelve month high of $121.54. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The business had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 earnings per share. On average, research analysts predict that Sensient Technologies will post 3.1 earnings per share for the current fiscal year.

Institutional Trading of Sensient Technologies

Hedge funds have recently bought and sold shares of the company. Private Trust Co. NA acquired a new stake in Sensient Technologies during the second quarter worth approximately $29,000. GAMMA Investing LLC boosted its position in Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 248 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Sensient Technologies by 181.1% during the second quarter. EverSource Wealth Advisors LLC now owns 475 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 306 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in Sensient Technologies during the second quarter worth approximately $59,000. Finally, Nisa Investment Advisors LLC boosted its position in Sensient Technologies by 20.8% during the second quarter. Nisa Investment Advisors LLC now owns 899 shares of the specialty chemicals company’s stock worth $89,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

Sensient Technologies Company Profile

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.