Sensient Technologies (NYSE:SXT) Share Rating Updated by Sidoti

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Sensient Technologies (NYSE: SXT – Get a Rating) was raised by Sidoti equity researchers from a “neutral” rating to a “buy” rating in a report on Monday, reports The Fly.

Separately, StockNews.com upgraded Sensient Technologies from a “hold” rating to a “buy” rating in a Wednesday, October 5 report.

Sensient Technologies stock performance

Shares of Sensient Technologies opened at $68.97 on Monday. The company has a current ratio of 3.11, a quick ratio of 1.40 and a debt ratio of 0.52. The company has a 50-day moving average price of $79.21 and a two-hundred-day moving average price of $81.40. Sensient Technologies has a 1-year low of $68.68 and a 1-year high of $106.32. The company has a market capitalization of $2.90 billion, a P/E ratio of 21.22 and a beta of 0.90.

Sensient Technologies (NYSE:SXT – Get Rating) last released its quarterly results on Friday, July 22. The specialty chemicals company reported earnings per share of $0.92 for the quarter. Sensient Technologies achieved a return on equity of 14.96% and a net margin of 9.69%. The company posted revenue of $371.70 million in the quarter, versus a consensus estimate of $358.70 million. During the same period last year, the company posted EPS of $0.79. The company’s revenues increased by 10.7% compared to the same quarter last year.

Institutional trading of sensitive technologies

Major investors have recently changed their positions in the company. Legal & General Group Plc increased its stake in Sensient Technologies by 2.2% in the 2nd quarter. Legal & General Group Plc now owns 105,271 shares of the specialty chemicals company valued at $8,481,000 after buying 2,221 additional shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Sensient Technologies by 76.4% during the second quarter. Goldman Sachs Group Inc. now owns 128,481 shares of the specialty chemicals company valued at $10,350,000 after buying an additional 55,630 shares in the last quarter. First Republic Investment Management Inc. increased its stake in Sensient Technologies by 10.2% during the second quarter. First Republic Investment Management Inc. now owns 7,358 shares of the specialty chemicals company valued at $593,000 after buying an additional 680 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Sensient Technologies by 126.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 32,243 shares of the specialty chemicals company valued at $2,597,000 after purchasing an additional 17,997 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Sensient Technologies by 147.8% in the second quarter. Millennium Management LLC now owns 368,534 shares of the specialty chemicals company valued at $29,689,000 after purchasing an additional 219,834 shares in the last quarter. 88.92% of the shares are currently held by institutional investors and hedge funds.

About Sensient Technologies

(Get an evaluation)

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures and markets colors, flavors and other specialty ingredients in North America, Europe, Asia-Pacific and internationally. It operates through three segments: Flavors & Extracts Group, Color Group and Asia Pacific Group.

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