Sensient Technologies (NYSE:SXT) Upgraded at StockNews.com

Sensient Technologies (NYSE:SXT - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Friday.

Sensient Technologies Trading Up 1.3 %

NYSE SXT traded up $0.98 on Friday, reaching $74.00. The company had a trading volume of 257,311 shares, compared to its average volume of 167,304. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 25.17 and a beta of 0.71. Sensient Technologies has a fifty-two week low of $66.15 and a fifty-two week high of $82.99. The business has a 50 day moving average of $72.76 and a two-hundred day moving average of $75.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.55 and a quick ratio of 1.34.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The specialty chemicals company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.01. The business had revenue of $376.40 million during the quarter, compared to the consensus estimate of $375.10 million. Sensient Technologies had a return on equity of 11.93% and a net margin of 8.01%. Sensient Technologies's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. Analysts forecast that Sensient Technologies will post 3.1 EPS for the current year.

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Institutional Trading of Sensient Technologies

A number of institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its position in Sensient Technologies by 4.8% during the third quarter. Franklin Resources Inc. now owns 3,462 shares of the specialty chemicals company's stock valued at $270,000 after acquiring an additional 160 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Sensient Technologies by 4.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,408 shares of the specialty chemicals company's stock valued at $314,000 after acquiring an additional 203 shares during the last quarter. Versor Investments LP boosted its position in Sensient Technologies by 5.1% during the fourth quarter. Versor Investments LP now owns 4,521 shares of the specialty chemicals company's stock valued at $322,000 after acquiring an additional 221 shares during the last quarter. Xponance Inc. boosted its position in shares of Sensient Technologies by 9.5% during the 4th quarter. Xponance Inc. now owns 3,017 shares of the specialty chemicals company's stock worth $215,000 after purchasing an additional 261 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Sensient Technologies by 49.4% during the 4th quarter. Covestor Ltd now owns 920 shares of the specialty chemicals company's stock worth $66,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 90.86% of the company's stock.

Sensient Technologies Company Profile

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. 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, and personal care industries.