Sensient Technologies' (SXT) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• Sensient Technologies retains a "buy (B-)" rating from Weiss Ratings, emphasizing positive sentiment towards the stock.
• Robert W. Baird has raised the price target for Sensient Technologies from $93.00 to $125.00, reflecting increased confidence in its performance.
• During the latest earnings quarter, Sensient Technologies reported $0.94 earnings per share (EPS), exceeding analysts' expectations of $0.88, and revenue growth of 2.7% year-over-year.

Sensient Technologies (NYSE:SXT - Get Free Report)'s stock had its "buy (b-)" rating restated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird raised their price target on shares of Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. CJS Securities initiated coverage on shares of Sensient Technologies in a research note on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Sensient Technologies presently has an average rating of "Moderate Buy" and an average target price of $110.00.

Sensient Technologies Stock Up 1.2%

NYSE SXT traded up $1.09 during trading hours on Wednesday, reaching $93.43. 260,943 shares of the company's stock were exchanged, compared to its average volume of 595,660. The company's 50-day moving average is $107.71 and its two-hundred day moving average is $97.78. Sensient Technologies has a one year low of $66.14 and a one year high of $121.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 29.47 and a beta of 0.56.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The business had revenue of $414.23 million during the quarter, compared to analysts' expectations of $417.60 million. During the same period in the prior year, the business earned $0.77 EPS. Sensient Technologies's revenue for the quarter was up 2.7% compared to the same quarter last year. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, analysts forecast that Sensient Technologies will post 3.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Sensient Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can lifted its holdings in shares of Sensient Technologies by 1.3% during the second quarter. Bank of Montreal Can now owns 8,418 shares of the specialty chemicals company's stock worth $829,000 after buying an additional 111 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of Sensient Technologies by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 12,478 shares of the specialty chemicals company's stock worth $1,229,000 after buying an additional 113 shares in the last quarter. GAMMA Investing LLC raised its stake in Sensient Technologies by 19.3% in the third quarter. GAMMA Investing LLC now owns 878 shares of the specialty chemicals company's stock valued at $82,000 after purchasing an additional 142 shares in the last quarter. Evergreen Capital Management LLC raised its stake in Sensient Technologies by 3.4% in the second quarter. Evergreen Capital Management LLC now owns 4,500 shares of the specialty chemicals company's stock valued at $443,000 after purchasing an additional 146 shares in the last quarter. Finally, CWM LLC raised its stake in Sensient Technologies by 8.6% in the first quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock valued at $141,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 90.86% of the company's stock.

About Sensient Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.