In yesterday’s Wall Street session, Sensient Technologies Corporation (NYSE:SXT) shares traded at $72.46, up 6.95% from the previous session.
3 analysts cover Sensient Technologies Corporation (NYSE:SXT), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $94.00 and a low of $70.00, we find $92.00. Given the previous closing price of $67.75, this indicates a potential upside of 35.79 percent. SXT stock price is now 0.60% away from the 50-day moving average and -9.32% away from the 200-day moving average. The market capitalization of the company currently stands at $3.09B.
The stock has received a hold rating from 1 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $85.33 as their price target over the next twelve months.
With the price target maintained at $92, Sidoti recently Upgraded its rating from Neutral to Buy for Sensient Technologies Corporation (NYSE: SXT). On May 27, 2021, Robert W. Baird recently initiated its ‘Neutral’ rating on the stock quoting a target price of $90, while ‘Stephens’ rates the stock as ‘Overweight’.
In other news, Winder Investment Pte Ltd, 10% Owner bought 18,796 shares of the company’s stock on May 26. The stock was bought for $1,631,117 at an average price of $86.78. Upon completion of the transaction, the 10% Owner now directly owns 6,304,914 shares in the company, valued at $456.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, 10% Owner Winder Investment Pte Ltd bought 16,743 shares of the business’s stock. A total of $1,429,164 was incurred on buying the stock at an average price of $85.36. This leaves the insider owning 6,286,118 shares of the company worth $455.49 million. Insiders disposed of 20,148 shares of company stock worth roughly $1.46 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SXT stock. A new stake in Sensient Technologies Corporation shares was purchased by AMALGAMATED FINANCIAL CORP. during the first quarter worth $2,008,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $1,954,000 in shares of SXT during the first quarter. In the first quarter, HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in Sensient Technologies Corporation valued at approximately $1,290,000. WILLIAMS JONES WEALTH MANAGEMENT, LLC. acquired a new stake in SXT for approximately $1,190,000. HRT FINANCIAL LP purchased a new stake in SXT valued at around $903,000 in the second quarter. In total, there are 352 active investors with 94.80% ownership of the company’s stock.
On Thursday morning Sensient Technologies Corporation (NYSE: SXT) stock kicked off with the opening price of $70.70. During the past 12 months, Sensient Technologies Corporation has had a low of $63.17 and a high of $106.32. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 3.10, and a quick ratio of 1.40. The fifty day moving average price for SXT is $72.03 and a two-hundred day moving average price translates $79.90 for the stock.
The latest earnings results from Sensient Technologies Corporation (NYSE: SXT) was released for Sep, 2022. According to the Specialty Chemicals Company, earnings per share came in at $0.85, beating analysts’ expectations of $0.82 by 0.03. This compares to $0.80 EPS in the same period last year. The net profit margin was 8.70% and return on equity was 13.10% for SXT. The company reported revenue of $361.08 million for the quarter, compared to $344.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.88 percent. For the current quarter, analysts expect SXT to generate $352.02M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/01/2022. Investors who held shares on 11/07/2022 were paid a $0.41 dividend. On an annualized basis, this represents a $1.64 dividend and a 2.26% percent yield. There was an ex-dividend date of 11/04/2022 for this dividend. In terms of dividend payout ratio, SXT is presently at 54.10%.
Sensient Technologies Corporation(SXT) Company Profile
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Extracts 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, and natural extracts; 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. It also provides natural and synthetic color systems for use in foods, beverages, pharmaceuticals, and nutraceuticals; colors and other ingredients for cosmetics, such as active ingredients, solubilizers, and surface treated pigments; pharmaceutical and nutraceutical excipients, including colors, flavors, coatings, and nutraceutical ingredients; and technical colors for industrial applications under the Sensient Food Colors, Sensient Pharmaceutical Coating Systems, Sensient Cosmetic Technologies, and Sensient Industrial Colors trade names. The company was incorporated in 1882 and is headquartered in Milwaukee, Wisconsin.