Sensient Technologies Corp. (NYSE:SXT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.

According to Zacks, “Sensient Technologies Corporation is a leading global supplier of colors, flavors and fragrances. Using sophisticated technologies at facilities around the world, the Company develops unique formulations and ingredients that bring life to its customers’ products. Sensient manufactures a full range of ink-jet inks, cosmetic and pharmaceutical additives, as well as colors and flavors for many of the world’s best-known brands. (Press Release) “

SXT has been the topic of several other reports. Gabelli lowered shares of Sensient Technologies Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Sidoti started coverage on shares of Sensient Technologies Corp. in a research report on Friday, September 2nd. They set a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $73.75.

Sensient Technologies Corp. (NYSE:SXT) opened at 76.15 on Friday. Sensient Technologies Corp. has a 1-year low of $52.69 and a 1-year high of $77.32. The firm has a 50-day moving average of $74.08 and a 200-day moving average of $72.08. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 30.03 and a beta of 0.92.

Sensient Technologies Corp. (NYSE:SXT) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Sensient Technologies Corp. had a net margin of 8.20% and a return on equity of 16.28%. During the same quarter last year, the business earned $0.77 EPS. Equities research analysts anticipate that Sensient Technologies Corp. will post $3.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, November 3rd. This is an increase from Sensient Technologies Corp.’s previous quarterly dividend of $0.27. Sensient Technologies Corp.’s dividend payout ratio is 47.24%.

In other Sensient Technologies Corp. news, Director Fergus M. Clydesdale sold 2,000 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $74.49, for a total value of $148,980.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.87% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Gerstein Fisher increased its stake in shares of Sensient Technologies Corp. by 0.4% in the third quarter. Gerstein Fisher now owns 2,836 shares of the company’s stock valued at $215,000 after buying an additional 10 shares during the period. M&T Bank Corp increased its stake in shares of Sensient Technologies Corp. by 0.6% in the second quarter. M&T Bank Corp now owns 6,349 shares of the company’s stock valued at $451,000 after buying an additional 35 shares during the period. Miles Capital Inc. increased its stake in shares of Sensient Technologies Corp. by 1.5% in the second quarter. Miles Capital Inc. now owns 4,149 shares of the company’s stock valued at $295,000 after buying an additional 61 shares during the period. Capstone Asset Management Co. increased its stake in shares of Sensient Technologies Corp. by 2.0% in the third quarter. Capstone Asset Management Co. now owns 4,136 shares of the company’s stock valued at $314,000 after buying an additional 80 shares during the period. Finally, State Treasurer State of Michigan increased its stake in shares of Sensient Technologies Corp. by 0.6% in the third quarter. State Treasurer State of Michigan now owns 18,070 shares of the company’s stock valued at $1,370,000 after buying an additional 100 shares during the period. 88.44% of the stock is currently owned by institutional investors.

Sensient Technologies Corp. Company Profile

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.

5 Day Chart for NYSE:SXT

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