Banco Bilbao Vizcaya Argentaria S.A. Purchases New Holdings 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. acquired a new position in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,318 shares of the specialty chemicals company's stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also made changes to their positions in SXT. Freemont Capital Pte Ltd acquired a new stake in Sensient Technologies in the fourth quarter valued at about $449,288,000. Janus Henderson Group PLC raised its stake in shares of Sensient Technologies by 1.1% during the 4th quarter. Janus Henderson Group PLC now owns 2,257,033 shares of the specialty chemicals company's stock worth $160,836,000 after buying an additional 25,230 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Sensient Technologies by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,223,728 shares of the specialty chemicals company's stock valued at $87,203,000 after buying an additional 26,119 shares during the period. Congress Asset Management Co. purchased a new stake in shares of Sensient Technologies in the first quarter valued at approximately $49,984,000. Finally, Northern Trust Corp boosted its stake in shares of Sensient Technologies by 10.2% in the fourth quarter. Northern Trust Corp now owns 569,652 shares of the specialty chemicals company's stock valued at $40,593,000 after buying an additional 52,654 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Price Performance

SXT stock traded down $1.50 on Friday, reaching $113.30. The company had a trading volume of 271,557 shares, compared to its average volume of 531,770. The company's fifty day moving average is $110.29 and its 200 day moving average is $92.04. The company has a market cap of $4.81 billion, a P/E ratio of 35.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 4.25. Sensient Technologies Corporation has a 1 year low of $66.14 and a 1 year high of $121.54.

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

Sensient Technologies Dividend Announcement

The company 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 $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 4th. Sensient Technologies's payout ratio is currently 51.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Robert W. Baird boosted their target price on shares of Sensient Technologies from $93.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. CJS Securities began coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They set a "market perform" rating and a $95.00 price objective on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $110.00.

Sensient Technologies 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.