Sensient Technologies (SXT) Stock Rating Lowered by TheStreet
A number of other equities research analysts also recently issued reports on SXT. KeyCorp reiterated a buy rating and issued a $90.00 price objective on shares of Sensient Technologies in a research report on Friday, November 3rd. Off Wall Street started coverage on Sensient Technologies in a research report on Monday, December 18th. They issued a sell rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Sensient Technologies has an average rating of Hold and a consensus target price of $89.15.
Shares of Sensient Technologies (NYSE SXT) opened at $68.09 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.59 and a quick ratio of 1.42. Sensient Technologies has a 12-month low of $65.60 and a 12-month high of $84.98. The stock has a market capitalization of $2,990.00, a price-to-earnings ratio of 33.54, a P/E/G ratio of 2.10 and a beta of 0.98.
Sensient Technologies announced that its Board of Directors has initiated a share buyback program on Thursday, October 19th that allows the company to repurchase 3,000,000 outstanding shares. This repurchase authorization allows the specialty chemicals company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 6th will be given a $0.33 dividend. The ex-dividend date is Monday, February 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.94%. Sensient Technologies’s dividend payout ratio (DPR) is presently 65.02%.
In related news, Director Essie Whitelaw sold 667 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $75.15, for a total value of $50,125.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.95% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC raised its position in Sensient Technologies by 65.4% during the fourth quarter. Citadel Advisors LLC now owns 94,548 shares of the specialty chemicals company’s stock valued at $6,916,000 after purchasing an additional 37,375 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Sensient Technologies by 2.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 27,994 shares of the specialty chemicals company’s stock valued at $2,048,000 after purchasing an additional 744 shares in the last quarter. BlackRock Inc. raised its position in Sensient Technologies by 3.9% during the fourth quarter. BlackRock Inc. now owns 4,759,009 shares of the specialty chemicals company’s stock valued at $348,121,000 after purchasing an additional 179,909 shares in the last quarter. Arizona State Retirement System raised its position in Sensient Technologies by 25.7% during the fourth quarter. Arizona State Retirement System now owns 31,291 shares of the specialty chemicals company’s stock valued at $2,289,000 after purchasing an additional 6,407 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in Sensient Technologies by 12.5% during the fourth quarter. Eagle Asset Management Inc. now owns 601,635 shares of the specialty chemicals company’s stock valued at $43,805,000 after purchasing an additional 66,825 shares in the last quarter. Institutional investors and hedge funds own 88.32% of the company’s stock.
About Sensient Technologies
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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