Sensient Technologies (SXT) Lowered to “C+” at TheStreet
A number of other equities research analysts also recently commented on SXT. KeyCorp reaffirmed a buy rating and issued a $90.00 price objective on shares of Sensient Technologies in a research report on Friday, November 3rd. Off Wall Street started coverage on Sensient Technologies in a research report on Monday, December 18th. They issued a sell rating for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Sensient Technologies presently has an average rating of Hold and an average price target of $89.15.
Shares of Sensient Technologies (NYSE:SXT) opened at $68.09 on Thursday. The company has a market capitalization of $2,996.36, a price-to-earnings ratio of 28.14, a PEG ratio of 2.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.59 and a quick ratio of 1.42. Sensient Technologies has a 1 year low of $65.60 and a 1 year high of $84.98.
Sensient Technologies announced that its board has initiated a share buyback plan on Thursday, October 19th that permits the company to buyback 3,000,000 shares. This buyback authorization permits the specialty chemicals company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Monday, February 5th. Sensient Technologies’s dividend payout ratio (DPR) is presently 54.55%.
In other Sensient Technologies news, Director Essie Whitelaw sold 667 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.95% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sensient Technologies by 44.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,556 shares of the specialty chemicals company’s stock valued at $187,000 after acquiring an additional 782 shares during the period. Jane Street Group LLC purchased a new stake in Sensient Technologies during the third quarter valued at about $221,000. Public Employees Retirement System of Ohio grew its position in Sensient Technologies by 4.4% during the second quarter. Public Employees Retirement System of Ohio now owns 2,825 shares of the specialty chemicals company’s stock valued at $227,000 after acquiring an additional 119 shares during the period. FDx Advisors Inc. purchased a new stake in Sensient Technologies during the third quarter valued at about $231,000. Finally, Oakbrook Investments LLC purchased a new stake in Sensient Technologies during the fourth quarter valued at about $234,000. 88.32% of the stock is owned by hedge funds and other institutional investors.
About Sensient Technologies
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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