Shares of Sensient Technologies Corporation (NYSE:SXT) have earned an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company. Sensient Technologies Corporation’s rating score has improved by 28.3% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price objective of $90.00 for the company and are expecting that the company will post $0.84 EPS for the current quarter, according to Zacks. Zacks has also given Sensient Technologies Corporation an industry rank of 120 out of 265 based on the ratings given to related companies.

Several research firms have recently weighed in on SXT. Zacks Investment Research upgraded Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub cut Sensient Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. KeyCorp restated a “buy” rating and issued a $90.00 target price on shares of Sensient Technologies Corporation in a research note on Friday, November 3rd. Finally, Berenberg Bank initiated coverage on Sensient Technologies Corporation in a research note on Friday, September 22nd. They issued a “buy” rating and a $88.30 target price on the stock.

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Sensient Technologies Corporation (SXT) opened at $75.87 on Thursday. Sensient Technologies Corporation has a 1-year low of $71.21 and a 1-year high of $84.98. The company has a current ratio of 3.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $3,333.30, a PE ratio of 22.68, a PEG ratio of 2.61 and a beta of 1.08.

Sensient Technologies Corporation (NYSE:SXT) last released its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. Sensient Technologies Corporation had a return on equity of 17.34% and a net margin of 7.89%. The business had revenue of $353.52 million for the quarter. During the same quarter last year, the firm earned $0.83 EPS. analysts forecast that Sensient Technologies Corporation will post 3.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 6th will be paid a $0.33 dividend. This is a boost from Sensient Technologies Corporation’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 3rd. This represents a $1.32 annualized dividend and a yield of 1.74%. Sensient Technologies Corporation’s payout ratio is presently 54.55%.

Sensient Technologies Corporation announced that its board has approved a stock buyback plan on Thursday, October 19th that permits the company to repurchase 3,000,000 outstanding shares. This repurchase authorization permits the specialty chemicals company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

In other Sensient Technologies Corporation news, Director Essie Whitelaw sold 667 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $75.15, for a total transaction of $50,125.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Fergus M. Clydesdale sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $76.00, for a total value of $152,000.00. The disclosure for this sale can be found here. Insiders sold a total of 4,187 shares of company stock worth $316,125 in the last 90 days. Company insiders own 0.95% of the company’s stock.

Several large investors have recently bought and sold shares of the business. World Asset Management Inc increased its position in shares of Sensient Technologies Corporation by 1.1% during the 2nd quarter. World Asset Management Inc now owns 2,769 shares of the specialty chemicals company’s stock worth $223,000 after purchasing an additional 30 shares during the last quarter. 1st Global Advisors Inc. increased its position in shares of Sensient Technologies Corporation by 1.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 5,582 shares of the specialty chemicals company’s stock worth $450,000 after purchasing an additional 60 shares during the last quarter. M&T Bank Corp increased its position in shares of Sensient Technologies Corporation by 1.1% during the 2nd quarter. M&T Bank Corp now owns 5,725 shares of the specialty chemicals company’s stock worth $462,000 after purchasing an additional 63 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Sensient Technologies Corporation by 1.2% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,740 shares of the specialty chemicals company’s stock worth $550,000 after purchasing an additional 95 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Sensient Technologies Corporation by 4.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock worth $227,000 after purchasing an additional 119 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

About Sensient Technologies Corporation

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.

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