Research analysts at CJS Securities assumed coverage on shares of Sensient Technologies (NYSE:SXT - Get Free Report) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage set a "market perform" rating and a $95.00 price target on the specialty chemicals company's stock. CJS Securities' price target suggests a potential upside of 0.42% from the stock's current price.
SXT has been the subject of a number of other research reports. Robert W. Baird lifted their price objective on shares of Sensient Technologies from $85.00 to $93.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Wall Street Zen downgraded shares of Sensient Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, March 22nd.
Get Our Latest Research Report on SXT
Sensient Technologies Stock Down 0.1%
Shares of SXT traded down $0.13 during midday trading on Tuesday, hitting $94.60. The stock had a trading volume of 337,716 shares, compared to its average volume of 226,999. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 32.18 and a beta of 0.56. The company has a 50 day simple moving average of $88.87 and a two-hundred day simple moving average of $78.83. Sensient Technologies has a twelve month low of $66.15 and a twelve month high of $98.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34.
Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $392.33 million during the quarter, compared to the consensus estimate of $387.70 million. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. Sensient Technologies's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. On average, analysts anticipate that Sensient Technologies will post 3.1 EPS for the current year.
Insider Buying and Selling
In related news, Director Mario Ferruzzi sold 1,668 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $95.45, for a total transaction of $159,210.60. Following the completion of the sale, the director now directly owns 7,946 shares in the company, valued at $758,445.70. This represents a 17.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.
Institutional Trading of Sensient Technologies
Several institutional investors have recently added to or reduced their stakes in SXT. Freemont Capital Pte Ltd acquired a new stake in Sensient Technologies in the fourth quarter valued at approximately $449,288,000. Vanguard Group Inc. increased its stake in shares of Sensient Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,064,724 shares of the specialty chemicals company's stock worth $360,912,000 after purchasing an additional 36,406 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Sensient Technologies by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 2,257,033 shares of the specialty chemicals company's stock valued at $160,836,000 after buying an additional 25,230 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Sensient Technologies by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,223,728 shares of the specialty chemicals company's stock valued at $87,203,000 after purchasing an additional 26,119 shares during the last quarter. Finally, Congress Asset Management Co. purchased a new position in shares of Sensient Technologies in the first quarter valued at $49,984,000. 90.86% of the stock is currently owned by institutional investors.
About Sensient Technologies
(
Get Free Report)
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.
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