How to Buy Sensient Technologies Stock
Sensient Technologies Corp
Sensient Technologies is a specialty chemical company located in Wisconsin, United States, which is part of the Basic Materials sector, and is traded under the ticker SXT on the NYSE exchange.
Sensient Technologies stock last closed at $69.14, up 1.33% from the previous day, and has decreased 8.16% in one year. It has underperformed other stocks in the Specialty Chemicals industry by 0.17 percentage points. Sensient Technologies stock is currently +30.7% from its 52-week low of $52.90, and -12.15% from its 52-week high of $78.70.
As of Apr 19, 2024, there are 42.34M SXT shares outstanding. The market value of SXT is $2.93B. In the last 24 hours, 187,452 SXT shares were traded.
How to Buy Sensient Technologies Stock
Wondering how to invest in Sensient Technologies stock? Here's how.
- Decide where to buy Sensient Technologies stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Sensient Technologies stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Pick your payment method and add your information.
- Research Sensient Technologies stock: The Sensient Technologies ticker symbol is SXT. Is Sensient Technologies stock a good investment? Should you buy shares of SXT? How do SXT's underlying business fundamentals look? Do top analysts think Sensient Technologies is a good buy? Why has SXT's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if SXT is a good stock to buy).
- Execute your SXT purchase: Decide if you will purchase SXT shares at the current market price or use a limit order to buy SXT stock at a particular price.
- Watch your SXT position: Create a watchlist to watch your position in Sensient Technologies stock.
Step 1: Decide where to buy Sensient Technologies stock
You need a brokerage account to access the NYSE market and buy SXT stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you can buy SXT today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start your new trading account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have opened your account on the best stock market app, your next step is to transfer the money for your investment:
Watch the tutorial below if you need help depositing funds into your new brokerage account.
Step 4: Research Sensient Technologies stock
Once you have selected the best place to buy Sensient Technologies stock, it's critical to research their stock prior to investing, so you truly wrap your head around the risk and opportunity.
Overview of key SXT info
Sensient Technologies Zen Score
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on SXT's stock page.
What is the fair value of SXT stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SXT's intrinsic value.
Using relative valuations metrics:
- SXT could be overvalued based on its P/E ratio of 31.14x, relative to Specialty Chemicals industry P/E ratio of 30.32x
- SXT could be undervalued based on its P/B ratio of 2.78x, relative to Specialty Chemicals industry P/B ratio of 3.35x
You can do additional valuation analysis on SXT's stock here.
SXT Financial Overview
Positive Financial Indicators:
- SXT's operating cash flow of $169.70M allows it to safely service it's debt of $658.55M.
- There are more short-term assets than long-term liabilities on the SXT balance sheet.
- There are more short-term assets than short-term liabilities on the SXT balance sheet.
- SXT earnings of $155.02M is not sufficient to cover its interest payments.
- Total SXT debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- SXT has a relatively high debt to equity ratio of 0.91.
- SXT profit margin has gone down from 9.8% to 6.4% in the past year.
Metrics for Advanced SXT Traders
SXT Performance Metrics
Last year, SXT earnings were $93.39M. In the last 5 year, SXT's earnings have grown by -9.76% per year. This was slower than the Specialty Chemicals industry average of 6.6%.
Last year, SXT revenue was $1.46B. In the past 5 year, SXT's revenue has grown by 0.98% per year. This was slower than the Specialty Chemicals industry average of 9.43%.
You can research SXT's earnings and revenue performance here.
What are SXT insiders up to?
Over the last year, executives and large shareholders at SXT have sold more shares than they have bought.
Steven B. Morris, President Flavors Group of SXT, was the latest SXT insider to sell. They sold $17,936.92 worth of SXT stock on Mar 1, 2024.
Dig into more about who owns SXT shares here.
Does SXT provide a stable income stream?
Sensient Technologies pays a dividend of 2.37%, compared to the Specialty Chemicals industry's average dividend yield of 3.43%. If you owned $1,000 of SXT stock, you would have been paid $23.72 last year.
Sensient Technologies dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Sensient Technologies dividend yield and history here.
Get analysis from other traders
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Execute your SXT purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open button and eToro will place the order.
If you want more info about buying stocks on eToro, click the how to video below:
Step 6: Watch your SXT position
Now that you own some SXT shares, you'll want to stay up-to-date on your new investment.
Create a watchlist to get alerted to the latest events about your SXT stock.
SXT Feed
How to Buy Stock in Sensient Technologies
To summarize, here are the 6 steps to buy stock in Sensient Technologies:
- Decide where to buy Sensient Technologies stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Sensient Technologies stock
- Execute your SXT purchase
- Watch your SXT position
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Sensient Technologies, get started below.
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