Sensient Technologies Corporation (NYSE:SXT) Stock Has Consensus Price Target of $140.67

Shares of Sensient Technologies Corporation (NYSE:SXT) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $140.67.

Several equities analysts have recently commented on SXT shares. Weiss Ratings raised Sensient Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday. Rothschild & Co Redburn assumed coverage on Sensient Technologies in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 price target for the company. Wall Street Zen raised Sensient Technologies from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Robert W. Baird increased their price objective on Sensient Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, UBS Group lifted their target price on Sensient Technologies from $155.00 to $157.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th.

Sensient Technologies Stock Performance

Shares of SXT stock opened at $130.35 on Friday. Sensient Technologies has a 52 week low of $82.60 and a 52 week high of $138.82. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 35.13 and a beta of 0.84. The company has a 50-day simple moving average of $131.37 and a 200 day simple moving average of $118.15. 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 released its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. The firm had revenue of $462.08 million for the quarter, compared to analysts’ expectations of $448.84 million. Sensient Technologies had a net margin of 9.27% and a return on equity of 13.77%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. On average, sell-side analysts predict that Sensient Technologies will post 4.20 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, August 3rd. Sensient Technologies’s payout ratio is presently 44.20%.

Insider Activity

In related news, Director Mario Ferruzzi sold 1,200 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $129.48, for a total transaction of $155,376.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Sensient Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Reynders McVeigh Capital Management LLC acquired a new position in Sensient Technologies during the second quarter valued at approximately $10,668,000. Squarepoint Ops LLC boosted its holdings in shares of Sensient Technologies by 32.9% in the 2nd quarter. Squarepoint Ops LLC now owns 109,059 shares of the specialty chemicals company’s stock valued at $13,446,000 after purchasing an additional 26,996 shares in the last quarter. Corient Private Wealth LP increased its stake in shares of Sensient Technologies by 271.5% in the 2nd quarter. Corient Private Wealth LP now owns 19,201 shares of the specialty chemicals company’s stock valued at $2,367,000 after purchasing an additional 14,032 shares during the last quarter. Moore Capital Management LP acquired a new position in shares of Sensient Technologies during the 2nd quarter worth $34,370,000. Finally, Mountaineer Partners Management LLC acquired a new position in shares of Sensient Technologies during the 4th quarter worth $11,001,000. Institutional investors own 90.86% of the company’s stock.

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.