Sensient Technologies (NYSE:SXT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, September 21st.

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. “

Other equities analysts also recently issued research reports about the stock. TheStreet upgraded shares of Sensient Technologies from a “c+” rating to a “b” rating in a research note on Tuesday, September 18th. ValuEngine upgraded shares of Sensient Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $87.33.

Shares of SXT stock traded down $0.05 on Friday, reaching $74.32. 586,537 shares of the stock were exchanged, compared to its average volume of 302,281. The company has a current ratio of 4.16, a quick ratio of 1.83 and a debt-to-equity ratio of 0.90. Sensient Technologies has a twelve month low of $65.56 and a twelve month high of $80.98. The company has a market cap of $3.23 billion, a P/E ratio of 21.73 and a beta of 0.75.

Sensient Technologies (NYSE:SXT) last released its quarterly earnings data on Friday, July 20th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. Sensient Technologies had a net margin of 8.77% and a return on equity of 18.11%. The company had revenue of $363.00 million during the quarter. During the same quarter in the prior year, the company earned $0.69 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Sensient Technologies will post 3.65 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Swiss National Bank raised its holdings in Sensient Technologies by 2.3% during the first quarter. Swiss National Bank now owns 76,400 shares of the specialty chemicals company’s stock worth $5,392,000 after purchasing an additional 1,700 shares in the last quarter. Aperio Group LLC raised its holdings in Sensient Technologies by 21.7% during the first quarter. Aperio Group LLC now owns 11,070 shares of the specialty chemicals company’s stock worth $781,000 after purchasing an additional 1,974 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Sensient Technologies by 105.0% during the first quarter. Riverhead Capital Management LLC now owns 4,100 shares of the specialty chemicals company’s stock worth $289,000 after purchasing an additional 2,100 shares in the last quarter. Glen Harbor Capital Management LLC raised its holdings in 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 in the last quarter. Finally, BlackRock Inc. raised its holdings in Sensient Technologies by 3.1% during the first quarter. BlackRock Inc. now owns 4,904,218 shares of the specialty chemicals company’s stock worth $346,140,000 after purchasing an additional 145,209 shares in the last quarter. Institutional investors and hedge funds own 97.30% of the company’s stock.

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.

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