Sensient Technologies Corporation’s recent filing unveils that its 10% Owner Winder Investment Pte Ltd unloaded Company’s shares for reported $448.47 million on Jul 03. In the deal valued at $71.13 per share,6,304,914 shares were sold. As a result of this transaction, Winder Investment Pte Ltd now holds 0 shares worth roughly $ 0.0.
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Sidoti upgraded its Sensient Technologies Corporation [SXT] rating to a Buy from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of 30.66 to its Friday closing price.
Price Performance Review of SXT
On Friday, Sensient Technologies Corporation [NYSE:SXT] saw its stock jump 0.47% to $63.79. On the same session, the stock had its day’s lowest price of $63.215, but rose to a high of $64.99. Over the last five days, the stock has lost -0.14%. Sensient Technologies Corporation shares have fallen nearly -12.52% since the year began. Nevertheless, the stocks have fallen -16.05% over the past one year. While a 52-week high of $79.19 was reached on 02/15/23, a 52-week low of $57.36 was recorded on 08/15/23. SMA at 50 days reached $63.21, while 200 days put it at $71.39. A total of 7.99 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For SXT Stock
The 24-hour chart illustrates a support level at 63.01, which if violated will result in even more drops to 62.22. On the upside, there is a resistance level at 64.78. A further resistance level may holdings at 65.77. The Relative Strength Index (RSI) on the 14-day chart is 57.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.27%. Stochastics %K at 65.84% indicates the stock is a holding.
How much short interest is there in Sensient Technologies Corporation?
A steep rise in short interest was recorded in Sensient Technologies Corporation stocks on Aug 30, 2023, dropping by 11610.0 shares to a total of 0.49 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 0.5 million shares. There was a decline of -2.37%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.94% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.6.
Sensient Technologies Corporation [SXT] – Who Are The Largest Shareholders?
In filings from Winder Investment Pte Ltd., it is revealed that the company now owns 6,304,914 shares, or roughly 14.92% of the outstanding SXT shares. Additionally, The Vanguard Group, Inc. decreased -0.84% of its stake after which the total value it holdings stand at $292,460,514, while BlackRock Fund Advisors added 0.27% of its stake to hold $273.42 million in the firm. Over the last quarter, Janus Henderson Investors US LLC sold -12,000 shares of Sensient Technologies Corporation, while Nordea Investment Management AB sold -33,170 shares. At present, SSgA Funds Management, Inc. is holding 1,418,315 shares valued at $87.38 million. Champlain Investment Partners LLC owned 1,138,895 shares of the company at the time of its most recent 13F filing, worth $70.17 million.
According to FactSet, Sensient Technologies Corporation’s share price will average $77.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 21.28 percent from its previous closing price of $63.49. Analysts expect Sensient Technologies Corporation stock to reach the higher price of $84.00, while the lowest price estimate is $70.00. However, 2 analysts have rated SXT stock as an Overweight in their predictions for 2023.