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

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

A number of other analysts have also issued reports on the stock. UBS Group lifted their price objective on shares of Sensient Technologies from $115.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded shares of Sensient Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $121.00.

Sensient Technologies Trading Up 0.3%

SXT opened at $114.46 on Tuesday. The firm has a market capitalization of $4.87 billion, a P/E ratio of 33.76 and a beta of 0.81. The firm’s 50 day moving average is $100.12 and its 200-day moving average is $96.93. Sensient Technologies has a 52-week low of $82.60 and a 52-week high of $129.35. The company has a quick ratio of 1.97, a current ratio of 5.01 and a debt-to-equity ratio of 0.63.

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 analysts’ consensus estimates of $0.80 by $0.24. The company had revenue of $435.83 million for the quarter, compared to analyst estimates of $411.39 million. Sensient Technologies had a net margin of 8.71% and a return on equity of 13.12%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. Sensient Technologies has set its FY 2026 guidance at 3.700-3.90 EPS. Analysts expect that Sensient Technologies will post 3.9 EPS for the current fiscal year.

Insider Activity

In related news, VP Thierry Hoang sold 400 shares of Sensient Technologies stock in a transaction on Monday, May 18th. The shares were sold at an average price of $115.19, for a total value of $46,076.00. Following the completion of the sale, the vice president owned 13,909 shares in the company, valued at approximately $1,602,177.71. The trade was a 2.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Sensient Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC raised its holdings in shares of Sensient Technologies by 146.2% during 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 period. Farther Finance Advisors LLC lifted its position in shares of Sensient Technologies by 313.5% in the 4th quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 232 shares during the last quarter. State of Wyoming bought a new position in shares of Sensient Technologies in the 3rd quarter worth about $32,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sensient Technologies in the 4th quarter worth about $33,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Sensient Technologies by 53.1% in the 4th quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 139 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.

About Sensient Technologies

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.