Shares of Sensient Technologies Co. (NYSE:SXT) have earned a consensus rating of “Buy” from the eight research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $75.00.
A number of research firms have recently weighed in on SXT. Zacks Investment Research raised Sensient Technologies from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Saturday, May 4th. Seaport Global Securities began coverage on Sensient Technologies in a research report on Thursday, February 21st. They issued a “buy” rating for the company.
Shares of Sensient Technologies stock traded up $1.15 during trading on Friday, reaching $72.73. The company’s stock had a trading volume of 187,092 shares, compared to its average volume of 253,467. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.18 and a quick ratio of 1.81. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 20.49 and a beta of 1.02. Sensient Technologies has a 1-year low of $51.93 and a 1-year high of $78.40.
The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 10th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.98%. Sensient Technologies’s dividend payout ratio is currently 40.56%.
In other Sensient Technologies news, VP Thierry Hoang sold 357 shares of Sensient Technologies stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $72.37, for a total transaction of $25,836.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Nordea Investment Management AB acquired a new stake in Sensient Technologies during the 1st quarter worth about $13,668,000. Lombard Odier Asset Management USA Corp lifted its holdings in shares of Sensient Technologies by 65.6% in the 1st quarter. Lombard Odier Asset Management USA Corp now owns 50,490 shares of the specialty chemicals company’s stock valued at $3,423,000 after buying an additional 20,000 shares during the period. FMR LLC lifted its holdings in shares of Sensient Technologies by 16,513.9% in the 1st quarter. FMR LLC now owns 172,452 shares of the specialty chemicals company’s stock valued at $11,691,000 after buying an additional 171,414 shares during the period. Sandbar Asset Management LLP acquired a new position in shares of Sensient Technologies in the 1st quarter valued at about $6,351,000. Finally, BRYN MAWR TRUST Co lifted its holdings in shares of Sensient Technologies by 0.4% in the 1st quarter. BRYN MAWR TRUST Co now owns 106,486 shares of the specialty chemicals company’s stock valued at $7,218,000 after buying an additional 412 shares during the period. 99.38% of the stock is owned by institutional investors.
Sensient Technologies Company Profile
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.
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