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

Sensient Technologies (NYSE:SXT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently issued reports on SXT. Zacks Research cut Sensient Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Robert W. Baird increased their price objective on shares of Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. UBS Group raised their target price on shares of Sensient Technologies from $155.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Weiss Ratings raised shares of Sensient Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 11th. Finally, Rothschild & Co Redburn started coverage on shares of Sensient Technologies in a report on Wednesday, July 8th. They set a “neutral” rating and a $125.00 price target for the company. Three equities 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.com, Sensient Technologies currently has an average rating of “Moderate Buy” and an average price target of $140.67.

Sensient Technologies Trading Down 0.0%

Shares of SXT stock opened at $128.54 on Friday. The stock’s fifty day moving average price is $130.65 and its two-hundred day moving average price is $116.78. The company has a market cap of $5.47 billion, a PE ratio of 34.65 and a beta of 0.84. Sensient Technologies has a fifty-two week low of $82.60 and a fifty-two week high of $138.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 4.39.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.17. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%.The company had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. During the same quarter last year, the company posted $0.88 EPS. The company’s revenue for the quarter 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. Equities analysts predict that Sensient Technologies will post 4.2 EPS for the current fiscal year.

Insider Activity

In other news, Director Mario Ferruzzi sold 1,200 shares of the company’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 value of $155,376.00. Following the completion of the transaction, the director owned 7,352 shares of the company’s stock, valued at $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 available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sensient Technologies

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Sensient Technologies in the 2nd quarter valued at approximately $818,403,000. Jupiter Topco LLC acquired a new position in shares of Sensient Technologies during the second quarter worth $211,264,000. Geode Capital Management LLC lifted its holdings in shares of Sensient Technologies by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,010,258 shares of the specialty chemicals company’s stock worth $94,930,000 after purchasing an additional 4,123 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Sensient Technologies by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,046,850 shares of the specialty chemicals company’s stock worth $90,494,000 after purchasing an additional 22,793 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Sensient Technologies in the first quarter worth $77,955,000. 90.86% of the stock is currently owned by institutional investors and hedge funds.

About Sensient Technologies

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.