Sensient Technologies (SXT) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Sensient Technologies (NYSE:SXT) from a buy rating to a hold rating in a report issued on Saturday.

According to Zacks, “Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances. Sensient employ advanced technologies to develop specialty food and beverage systems, cosmetic ingredients, pharmaceutical excipients, inkjet and specialty inks and colors, and other specialty and fine chemicals. Sensient uses advanced proprietary technologies to produce a broad range of innovative products. Sensient is a global developer, manufacturer and supplier of flavor and fragrance systems for the food, beverage, personal care and household-products industries. Sensient is a developer, manufacturer and supplier of colors for businesses worldwide. Sensient provides natural and synthetic color systems for use in foods, beverages and pharmaceuticals; colors and other ingredients for cosmetics, such as active ingredients, solubilizers and surface treated pigments; pharmaceutical excipients, such as colors, flavors and coatings; specialty inks; and technical colors for industrial applications. “

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A number of other analysts have also recently weighed in on the stock. Gabelli upgraded shares of Sensient Technologies from a hold rating to a buy rating and set a $94.00 price target for the company in a research note on Monday, February 12th. TheStreet cut shares of Sensient Technologies from a b rating to a c+ rating in a research note on Thursday, February 8th. Finally, Off Wall Street began coverage on shares of Sensient Technologies in a research note on Monday, December 18th. They set a sell rating for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $87.58.

Shares of NYSE:SXT opened at $69.37 on Friday. The firm has a market cap of $2,994.01, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 2.27 and a beta of 0.93. The company has a quick ratio of 1.25, a current ratio of 3.39 and a debt-to-equity ratio of 0.71. Sensient Technologies has a 1-year low of $65.60 and a 1-year high of $84.98.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.84 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.84. The firm had revenue of $328.87 million during the quarter. Sensient Technologies had a net margin of 6.58% and a return on equity of 17.37%. research analysts expect that Sensient Technologies will post 3.83 earnings per share for the current fiscal year.

In other Sensient Technologies news, Director Hank Brown sold 2,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $71.78, for a total transaction of $143,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gebhardt Deborah Mckeithan acquired 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were purchased at an average price of $72.10 per share, with a total value of $72,100.00. The disclosure for this purchase can be found here. 0.94% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB purchased a new position in Sensient Technologies during the 4th quarter worth $449,000. BRYN MAWR TRUST Co raised its position in Sensient Technologies by 5.0% during the 4th quarter. BRYN MAWR TRUST Co now owns 98,961 shares of the specialty chemicals company’s stock worth $7,239,000 after buying an additional 4,756 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in Sensient Technologies during the 4th quarter worth $3,434,000. Vident Investment Advisory LLC raised its position in Sensient Technologies by 78.6% during the 4th quarter. Vident Investment Advisory LLC now owns 5,728 shares of the specialty chemicals company’s stock worth $419,000 after buying an additional 2,520 shares during the last quarter. Finally, Dean Capital Management purchased a new position in Sensient Technologies during the 4th quarter worth $3,233,000. Institutional investors own 91.00% of the company’s stock.

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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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