Sensient Technologies (NYSE:SXT) Price Target Raised to $157.00

Sensient Technologies (NYSE:SXT) had its price objective lifted by UBS Group from $155.00 to $157.00 in a research report sent to investors on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the specialty chemicals company’s stock.

SXT has been the topic of several other research reports. Weiss Ratings upgraded Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 11th. Rothschild & Co Redburn initiated coverage on Sensient Technologies in a research report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price target for the company. Zacks Research downgraded Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Finally, Robert W. Baird raised their price objective on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.67.

Sensient Technologies Stock Up 0.1%

SXT opened at $128.54 on Wednesday. Sensient Technologies has a twelve month low of $82.60 and a twelve month high of $138.82. The company has a quick ratio of 1.72, a current ratio of 4.39 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $130.65 and a 200 day moving average price of $116.58. The company has a market cap of $5.47 billion, a PE ratio of 34.65 and a beta of 0.84.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The firm had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. During the same period last year, the company posted $0.88 EPS. Sensient Technologies’s quarterly revenue was up 11.6% compared to the same quarter last year. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. Sell-side analysts expect that Sensient Technologies will post 4.2 earnings per share for the current fiscal year.

Sensient Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 3rd. Sensient Technologies’s dividend payout ratio (DPR) is 44.20%.

Insider Buying and Selling at Sensient Technologies

In other news, Director Mario Ferruzzi sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total transaction of $155,376.00. Following the transaction, the director directly owned 7,352 shares in the company, valued at $951,936.96. The trade was a 14.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sensient Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in SXT. Reynders McVeigh Capital Management LLC purchased a new stake in Sensient Technologies in the 2nd quarter valued at $10,668,000. Tidal Investments LLC purchased a new position in shares of Sensient Technologies during the 2nd quarter worth $2,146,000. Integrated Wealth Concepts LLC acquired a new position in shares of Sensient Technologies during the 2nd quarter valued at about $37,000. Squarepoint Ops LLC boosted its position in shares of Sensient Technologies by 32.9% during the 2nd quarter. Squarepoint Ops LLC now owns 109,059 shares of the specialty chemicals company’s stock valued at $13,446,000 after acquiring an additional 26,996 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of Sensient Technologies during the 2nd quarter valued at about $312,000. Institutional investors and hedge funds own 90.86% of the company’s stock.

Sensient Technologies Company Profile

Sensient Technologies Corporation (NYSE:SXT) is a global manufacturer and marketer of colors, flavors, and fragrances. The company develops specialized ingredients and formulations used by food and beverage producers, pharmaceutical companies, personal care and cosmetics manufacturers, and other industrial customers.

Sensient’s product portfolio includes natural and synthetic color systems, flavoring extracts, sweeteners, seasonings, fragrances, and other functional ingredients. Its technologies are designed for applications such as beverages, confectionery, baked goods, pharmaceuticals, cosmetics, household products, and pet food.

Founded in 1882 and headquartered in Milwaukee, Wisconsin, Sensient serves customers through manufacturing, research, and sales operations across North America, Europe, Asia-Pacific, and other international markets.