Sensient Technologies (NYSE:SXT) Cut to Sell at ValuEngine

ValuEngine downgraded shares of Sensient Technologies (NYSE:SXT) from a hold rating to a sell rating in a research report sent to investors on Wednesday, May 2nd.

A number of other analysts have also recently commented on the company. Zacks Investment Research upgraded Sensient Technologies from a hold rating to a buy rating and set a $78.00 price objective for the company in a research report on Thursday, April 12th. Gabelli raised Sensient Technologies from a hold rating to a buy rating and set a $94.00 price objective on the stock in a research note on Monday, February 12th. Finally, TheStreet lowered Sensient Technologies from a b rating to a c+ rating in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Sensient Technologies has a consensus rating of Hold and an average target price of $87.58.

Shares of Sensient Technologies stock opened at $69.08 on Wednesday. Sensient Technologies has a 12 month low of $68.07 and a 12 month high of $68.72. The firm has a market cap of $2.90 billion, a PE ratio of 19.62 and a beta of 0.94. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.45 and a current ratio of 3.75.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Wednesday, April 25th. The specialty chemicals company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). The business had revenue of $356.50 million during the quarter, compared to analyst estimates of $351.31 million. Sensient Technologies had a return on equity of 17.67% and a net margin of 8.32%. Sensient Technologies’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. sell-side analysts predict that Sensient Technologies will post 3.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be given a $0.33 dividend. The ex-dividend date is Thursday, May 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.91%. Sensient Technologies’s dividend payout ratio (DPR) is presently 38.60%.

In related news, Director Gebhardt Deborah Mckeithan acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was bought at an average cost of $72.10 per share, with a total value of $72,100.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.94% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC purchased a new position in Sensient Technologies in the 4th quarter valued at approximately $129,000. Bruderman Asset Management LLC acquired a new stake in shares of Sensient Technologies during the first quarter worth $163,000. Flinton Capital Management LLC acquired a new stake in shares of Sensient Technologies during the fourth quarter worth $164,000. Advisor Group Inc. boosted its holdings in shares of Sensient Technologies by 89.6% during the fourth quarter. Advisor Group Inc. now owns 2,326 shares of the specialty chemicals company’s stock worth $169,000 after purchasing an additional 1,099 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its holdings in shares of Sensient Technologies by 102.5% during the first quarter. Glen Harbor Capital Management LLC now owns 2,592 shares of the specialty chemicals company’s stock worth $183,000 after purchasing an additional 1,312 shares during the last quarter. 92.47% of the stock is owned by hedge funds and other institutional investors.

Sensient Technologies Company Profile

Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances in the United States and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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