Shares of Sensient Technologies Co. (NYSE:SXT) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $83.00.

Several brokerages have weighed in on SXT. TheStreet cut shares of Sensient Technologies from a “b” rating to a “c+” rating in a research report on Wednesday, July 25th. KeyCorp dropped their target price on shares of Sensient Technologies from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Monday, October 22nd. ValuEngine raised shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Berenberg Bank set a $82.00 target price on shares of Sensient Technologies and gave the stock a “buy” rating in a research report on Monday, October 22nd. Finally, Zacks Investment Research cut shares of Sensient Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 24th.

SXT traded down $0.32 during trading on Monday, hitting $65.79. 291,600 shares of the stock traded hands, compared to its average volume of 342,592. The stock has a market capitalization of $2.79 billion, a P/E ratio of 19.24 and a beta of 0.88. The company has a quick ratio of 1.80, a current ratio of 4.30 and a debt-to-equity ratio of 0.88. Sensient Technologies has a 12-month low of $60.72 and a 12-month high of $78.40.

Sensient Technologies (NYSE:SXT) last announced its quarterly earnings results on Friday, October 19th. The specialty chemicals company reported $0.95 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. The business had revenue of $342.73 million during the quarter. Sensient Technologies had a net margin of 9.92% and a return on equity of 18.43%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. Sell-side analysts expect that Sensient Technologies will post 3.55 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 5th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.19%. This is a boost from Sensient Technologies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, November 2nd. Sensient Technologies’s dividend payout ratio (DPR) is currently 42.11%.

In related news, Director Gebhardt Deborah Mckeithan bought 2,000 shares of the company’s stock in a transaction dated Monday, October 22nd. The stock was purchased at an average cost of $64.02 per share, with a total value of $128,040.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.94% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its stake in shares of Sensient Technologies by 1,383.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 45,750 shares of the specialty chemicals company’s stock worth $204,000 after acquiring an additional 42,666 shares in the last quarter. Handelsinvest Investeringsforvaltning increased its stake in shares of Sensient Technologies by 4.2% in the 3rd quarter. Handelsinvest Investeringsforvaltning now owns 125,000 shares of the specialty chemicals company’s stock worth $9,564,000 after acquiring an additional 5,000 shares in the last quarter. Standard Life Aberdeen plc increased its stake in shares of Sensient Technologies by 0.9% in the 2nd quarter. Standard Life Aberdeen plc now owns 985,706 shares of the specialty chemicals company’s stock worth $70,532,000 after acquiring an additional 8,946 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Sensient Technologies by 2.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 36,346 shares of the specialty chemicals company’s stock worth $2,601,000 after acquiring an additional 741 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of Sensient Technologies by 386.1% in the 2nd quarter. Citadel Advisors LLC now owns 157,229 shares of the specialty chemicals company’s stock worth $11,250,000 after acquiring an additional 124,886 shares in the last quarter. Institutional investors own 99.35% of the company’s stock.

Sensient Technologies Company Profile

Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.

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