Banco Bilbao Vizcaya Argentaria S.A. Invests $246,000 in Sensient Technologies Corporation $SXT

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has acquired a new stake in Sensient Technologies, purchasing 3,318 shares valued at approximately $246,000 in the first quarter.
• Analysts have set a consensus rating of "Moderate Buy" for Sensient Technologies, with an average target price of $110.00, highlighting a price increase target from Robert W. Baird to $125.00.
• Sensient Technologies is set to pay a quarterly dividend of $0.41 on September 2nd, representing an annualized yield of 1.4% and a payout ratio of 51.74%.

Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Sensient Technologies Corporation (NYSE:SXT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,318 shares of the specialty chemicals company's stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SXT. Freemont Capital Pte Ltd purchased a new position in Sensient Technologies in the fourth quarter valued at about $449,288,000. Congress Asset Management Co. bought a new position in Sensient Technologies during the 1st quarter worth approximately $49,984,000. Nuveen LLC bought a new position in Sensient Technologies during the 1st quarter worth approximately $24,434,000. Robeco Schweiz AG lifted its holdings in Sensient Technologies by 48.7% during the 1st quarter. Robeco Schweiz AG now owns 235,372 shares of the specialty chemicals company's stock worth $17,519,000 after buying an additional 77,043 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Sensient Technologies by 10.2% during the 4th quarter. Northern Trust Corp now owns 569,652 shares of the specialty chemicals company's stock worth $40,593,000 after buying an additional 52,654 shares during the last quarter. Hedge funds and other institutional investors own 90.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SXT. CJS Securities began coverage on Sensient Technologies in a report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 target price on the stock. Robert W. Baird increased their target price on Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $110.00.

Sensient Technologies Stock Performance

Shares of Sensient Technologies stock traded down $2.28 on Friday, reaching $112.53. 80,541 shares of the company were exchanged, compared to its average volume of 373,606. Sensient Technologies Corporation has a 1-year low of $66.14 and a 1-year high of $121.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 35.49 and a beta of 0.58. The company's 50-day moving average is $109.94 and its two-hundred day moving average is $91.67.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The firm had revenue of $414.23 million for the quarter, compared to analysts' expectations of $417.60 million. During the same period last year, the firm earned $0.77 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. As a group, research analysts expect that Sensient Technologies Corporation will post 3.1 earnings per share for the current fiscal year.

Sensient Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $1.64 annualized dividend and a dividend yield of 1.5%. Sensient Technologies's dividend payout ratio (DPR) is currently 51.74%.

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.