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

Weiss Ratings restated their buy (b-) rating on shares of Sensient Technologies (NYSE:SXT) in a report published on Friday morning,Weiss Ratings reports.

Separately, Robert W. Baird increased their target price on Sensient Technologies from $93.00 to $125.00 and gave the stock 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 stock. According to data from MarketBeat.com, Sensient Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Sensient Technologies Trading Up 0.5%

Shares of SXT opened at $96.68 on Friday. The stock has a fifty day moving average of $102.78 and a two-hundred day moving average of $99.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. The company has a market capitalization of $4.11 billion, a PE ratio of 30.50 and a beta of 0.56. Sensient Technologies has a fifty-two week low of $66.14 and a fifty-two week high of $121.54.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $414.23 million during the quarter, compared to the consensus estimate of $417.60 million. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.Sensient Technologies’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. As a group, analysts forecast that Sensient Technologies will post 3.1 EPS for the current year.

Hedge Funds Weigh In On Sensient Technologies

A number of hedge funds have recently bought and sold shares of SXT. New York State Teachers Retirement System boosted its stake in Sensient Technologies by 3.2% in the third quarter. New York State Teachers Retirement System now owns 57,964 shares of the specialty chemicals company’s stock valued at $5,440,000 after acquiring an additional 1,799 shares during the period. Nisa Investment Advisors LLC boosted its stake in Sensient Technologies by 15.9% in the third quarter. Nisa Investment Advisors LLC now owns 1,042 shares of the specialty chemicals company’s stock valued at $98,000 after acquiring an additional 143 shares during the period. SG Americas Securities LLC boosted its stake in Sensient Technologies by 366.4% in the third quarter. SG Americas Securities LLC now owns 12,369 shares of the specialty chemicals company’s stock valued at $1,161,000 after acquiring an additional 9,717 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Sensient Technologies by 55.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 47,294 shares of the specialty chemicals company’s stock valued at $4,439,000 after acquiring an additional 16,938 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in Sensient Technologies by 63,075.0% in the third quarter. Global Retirement Partners LLC now owns 2,527 shares of the specialty chemicals company’s stock valued at $237,000 after acquiring an additional 2,523 shares during the period. 90.86% of the stock is currently owned by institutional investors and hedge funds.

About Sensient Technologies

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.