According to Zacks, “Sensient Technologies Corporation is a leading global supplier of colors, flavors and fragrances. Using sophisticated technologies at facilities around the world, the Company develops unique formulations and ingredients that bring life to its customers’ products. Sensient manufactures a full range of ink-jet inks, cosmetic and pharmaceutical additives, as well as colors and flavors for many of the world’s best-known brands. (Press Release) “
Separately, KeyCorp lifted their price target on shares of Sensient Technologies from $80.00 to $84.00 and gave the company an overweight rating in a report on Monday, January 23rd.
Shares of Sensient Technologies (NYSE:SXT) traded up 1.26% during trading on Thursday, reaching $81.06. The company had a trading volume of 109,567 shares. Sensient Technologies has a 52 week low of $65.26 and a 52 week high of $83.38. The company has a market capitalization of $3.60 billion, a PE ratio of 28.80 and a beta of 0.92. The stock’s 50-day moving average price is $79.77 and its 200-day moving average price is $77.65.
Sensient Technologies (NYSE:SXT) last posted its quarterly earnings results on Thursday, February 9th. The specialty chemicals company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.02. Sensient Technologies had a net margin of 9.13% and a return on equity of 16.73%. The business earned $330.24 million during the quarter, compared to analyst estimates of $345.04 million. On average, equities analysts expect that Sensient Technologies will post $3.41 EPS for the current fiscal year.
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In other Sensient Technologies news, Director Hank Brown sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $79.28, for a total transaction of $158,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.87% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Horan Securities Inc. purchased a new position in Sensient Technologies during the first quarter worth about $124,000. Sei Investments Co. raised its position in Sensient Technologies by 634.8% in the third quarter. Sei Investments Co. now owns 2,388 shares of the specialty chemicals company’s stock worth $181,000 after buying an additional 2,063 shares during the last quarter. Gideon Capital Advisors Inc. purchased a new position in Sensient Technologies during the fourth quarter worth about $203,000. World Asset Management Inc purchased a new position in Sensient Technologies during the third quarter worth about $220,000. Finally, LS Investment Advisors LLC raised its position in Sensient Technologies by 5.9% in the third quarter. LS Investment Advisors LLC now owns 3,425 shares of the specialty chemicals company’s stock worth $260,000 after buying an additional 192 shares during the last quarter. 88.99% of the stock is owned by hedge funds and other institutional investors.
Sensient Technologies 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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