Shares of Sensient Technologies Corporation (NYSE:SXT) have received a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 1-year consensus price objective of $76.67 for the company and are expecting that the company will post $0.78 earnings per share for the current quarter, according to Zacks. Zacks has also given Sensient Technologies Corporation an industry rank of 43 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Sensient Technologies Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, December 27th.
In other Sensient Technologies Corporation news, Director Fergus M. Clydesdale sold 2,000 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $74.49, for a total transaction of $148,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.87% of the company’s stock.
Several institutional investors have recently modified their holdings of SXT. Sit Investment Associates Inc. increased its position in shares of Sensient Technologies Corporation by 8.5% in the third quarter. Sit Investment Associates Inc. now owns 1,600 shares of the company’s stock worth $121,000 after buying an additional 125 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sensient Technologies Corporation by 11.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the company’s stock worth $123,000 after buying an additional 166 shares during the last quarter. Sei Investments Co. increased its position in shares of Sensient Technologies Corporation by 634.8% in the third quarter. Sei Investments Co. now owns 2,388 shares of the company’s stock worth $181,000 after buying an additional 2,063 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Sensient Technologies Corporation by 4,006.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,669 shares of the company’s stock worth $190,000 after buying an additional 2,604 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of Sensient Technologies Corporation during the third quarter worth about $203,000. 89.48% of the stock is currently owned by institutional investors and hedge funds.
Sensient Technologies Corporation (NYSE:SXT) traded up 0.46% during mid-day trading on Wednesday, hitting $78.02. The company’s stock had a trading volume of 156,996 shares. Sensient Technologies Corporation has a 12-month low of $52.69 and a 12-month high of $83.38. The company has a market cap of $3.48 billion, a P/E ratio of 30.76 and a beta of 0.93. The firm’s 50-day moving average is $78.85 and its 200-day moving average is $74.78.
Sensient Technologies Corporation (NYSE:SXT) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Sensient Technologies Corporation had a return on equity of 16.28% and a net margin of 8.20%. During the same period last year, the business earned $0.77 earnings per share. Analysts predict that Sensient Technologies Corporation will post $3.21 EPS for the current fiscal year.
Sensient Technologies Corporation Company Profile
Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. The Company uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals.
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