Sensient Technologies (NYSE:SXT) Upgraded by Zacks Research to Strong-Buy Rating

Sensient Technologies (NYSE:SXT) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on SXT. UBS Group upped their price target on Sensient Technologies from $115.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings upgraded Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Sensient Technologies has an average rating of “Moderate Buy” and a consensus price target of $121.00.

Sensient Technologies Price Performance

SXT stock opened at $114.46 on Tuesday. The company has a current ratio of 5.01, a quick ratio of 1.97 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $4.87 billion, a PE ratio of 33.76 and a beta of 0.81. Sensient Technologies has a 12-month low of $82.60 and a 12-month high of $129.35. The business’s fifty day moving average price is $100.12 and its 200 day moving average price is $96.93.

Sensient Technologies (NYSE:SXT) last posted its quarterly earnings data on Friday, April 24th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.24. The firm had revenue of $435.83 million for the quarter, compared to the consensus estimate of $411.39 million. Sensient Technologies had a return on equity of 13.12% and a net margin of 8.71%.The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 EPS. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. On average, sell-side analysts anticipate that Sensient Technologies will post 3.9 EPS for the current year.

Insider Activity at Sensient Technologies

In other news, VP Thierry Hoang sold 439 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $114.15, for a total value of $50,111.85. Following the transaction, the vice president directly owned 14,309 shares in the company, valued at approximately $1,633,372.35. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

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

Sensient Technologies Company Profile

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.