Sensient Technologies (NYSE:SXT) Raised to “Strong-Buy” at Zacks Research

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

SXT has been the topic of a number of other reports. Weiss Ratings raised shares of Sensient Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Rothschild & Co Redburn assumed coverage on shares of Sensient Technologies in a research report on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 price objective for the company. Robert W. Baird raised their target price on shares of Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday. Finally, UBS Group lifted their target price on shares of Sensient Technologies from $143.00 to $155.00 and gave the company a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Sensient Technologies has an average rating of “Buy” and an average target price of $140.00.

Sensient Technologies Stock Performance

Shares of NYSE:SXT opened at $124.85 on Monday. The business has a 50-day moving average of $117.20 and a two-hundred day moving average of $104.75. The firm has a market capitalization of $5.31 billion, a PE ratio of 33.65 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 has a 12 month low of $82.60 and a 12 month high of $131.04.

Sensient Technologies (NYSE:SXT) last released 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. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%.The business had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. During the same period in the previous year, the company posted $0.88 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. As a group, research analysts forecast that Sensient Technologies will post 4.2 earnings per share for the current year.

Insider Buying and Selling

In other Sensient Technologies news, VP Thierry Hoang sold 439 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $114.15, for a total value of $50,111.85. Following the completion of the transaction, the vice president owned 14,309 shares in the company, valued at $1,633,372.35. This represents a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Sensient Technologies

A number of large investors have recently added to or reduced their stakes in SXT. Vaughan Nelson Investment Management L.P. acquired a new position in Sensient Technologies in the 1st quarter worth $77,955,000. Norges Bank acquired a new stake in Sensient Technologies during the 4th quarter valued at approximately $49,867,000. Parsifal Capital Management LP acquired a new position in shares of Sensient Technologies in the 3rd quarter valued at approximately $46,784,000. J. Goldman & Co LP acquired a new stake in shares of Sensient Technologies during the fourth quarter worth approximately $35,336,000. Finally, Pictet Asset Management Holding SA raised its holdings in Sensient Technologies by 5,807.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 327,654 shares of the specialty chemicals company’s stock valued at $30,783,000 after acquiring an additional 322,108 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

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.