Sensient Technologies (NYSE:SXT) Raised to “Buy” at Wall Street Zen

Sensient Technologies (NYSE:SXT) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Wall Street Zen reports.

SXT has been the topic of a number of other research reports. Rothschild & Co Redburn initiated coverage on shares of Sensient Technologies in a research report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price objective on the stock. Weiss Ratings raised Sensient Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Zacks Research lowered Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Robert W. Baird upped their price target on Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, UBS Group increased their price target on Sensient Technologies from $155.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $140.67.

Sensient Technologies Stock Up 1.6%

Sensient Technologies stock opened at $135.33 on Monday. The company has a quick ratio of 1.72, a current ratio of 4.39 and a debt-to-equity ratio of 0.61. Sensient Technologies has a 12-month low of $82.60 and a 12-month high of $138.82. The firm’s fifty day moving average is $131.93 and its 200 day moving average is $120.63. The company has a market capitalization of $5.76 billion, a PE ratio of 36.48 and a beta of 0.84.

Sensient Technologies (NYSE:SXT) last issued its earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.17. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The business had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. During the same period in the prior year, the firm earned $0.88 earnings per share. Sensient Technologies’s revenue was up 11.6% on a year-over-year basis. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. As a group, sell-side analysts predict that Sensient Technologies will post 4.20 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sensient Technologies news, Director Mario Ferruzzi sold 1,200 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $129.48, for a total transaction of $155,376.00. Following the transaction, the director owned 7,352 shares in the company, valued at approximately $951,936.96. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its stake in shares of Sensient Technologies by 36.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,723 shares of the specialty chemicals company’s stock worth $225,000 after acquiring an additional 464 shares in the last quarter. Abel Hall LLC purchased a new stake in shares of Sensient Technologies in the third quarter valued at about $256,000. Legacy Wealth Asset Management LLC bought a new position in shares of Sensient Technologies during the third quarter valued at about $439,000. GAMMA Investing LLC boosted its holdings in Sensient Technologies by 32.9% during the third quarter. GAMMA Investing LLC now owns 1,247 shares of the specialty chemicals company’s stock worth $163,000 after purchasing an additional 309 shares during the last quarter. Finally, Moody National Bank Trust Division grew its holdings in shares of Sensient Technologies by 0.8% in the third quarter. Moody National Bank Trust Division now owns 12,555 shares of the specialty chemicals company’s stock valued at $1,641,000 after acquiring an additional 100 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors and hedge funds.

About Sensient Technologies

Sensient Technologies Corporation is a global manufacturer of colors, flavors and extracts used in food, beverages, pharmaceuticals, cosmetics and other consumer and industrial products. The company develops customized ingredient solutions designed to improve the appearance, taste, aroma and overall sensory qualities of finished products.

Sensient’s product portfolio includes natural and synthetic food colors, coloring systems, flavor compounds, botanical extracts and other specialty ingredients.