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

Key Points

• Weiss Ratings has restated Sensient Technologies' stock rating as a buy (B-), indicating positive outlook from analysts.
• Robert W. Baird raised the price target for the company from $93.00 to $125.00, reflecting increased investor confidence.
• Sensient Technologies reported a quarterly EPS of $0.94, exceeding estimates and showing a 2.7% increase in revenue compared to the previous year.

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

Separately, Robert W. Baird lifted 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Sensient Technologies has an average rating of "Moderate Buy" and a consensus price target of $110.00.

Sensient Technologies Price Performance

Shares of NYSE:SXT opened at $96.68 on Friday. The company's fifty day moving average price is $102.78 and its 200 day moving average price is $99.54. Sensient Technologies has a 12 month low of $66.14 and a 12 month high of $121.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. The firm has a market capitalization of $4.11 billion, a P/E ratio of 30.50 and a beta of 0.56.

Sensient Technologies (NYSE:SXT - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The firm had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. During the same period last 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. As a group, sell-side analysts predict that Sensient Technologies will post 3.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA acquired a new position in Sensient Technologies during the second quarter worth about $29,000. GAMMA Investing LLC grew its position in Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock worth $32,000 after buying an additional 248 shares during the period. EverSource Wealth Advisors LLC grew its position in Sensient Technologies by 181.1% during the second quarter. EverSource Wealth Advisors LLC now owns 475 shares of the specialty chemicals company's stock worth $47,000 after buying an additional 306 shares during the period. Gables Capital Management Inc. acquired a new position in Sensient Technologies during the second quarter worth about $59,000. Finally, ST Germain D J Co. Inc. acquired a new position in Sensient Technologies during the second quarter worth about $89,000. 90.86% of the stock is currently owned by institutional investors and hedge funds.

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.

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