Worth Watching: What’s Next for Sensient Technologies Corporation After Achieving 52-Week High?

Worth Watching: What's Next for Sensient Technologies Corporation After Achieving 52 Week High?

The stock of Sensient Technologies Corporation (NYSE:SXT) hit a new 52-week high and has $83.34 target or 7.00% above today’s $77.89 share price. The 8 months bullish chart indicates low risk for the $3.49B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $83.34 price target is reached, the company will be worth $244.30 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 143,570 shares traded hands. Sensient Technologies Corporation (NYSE:SXT) has risen 16.52% since April 25, 2016 and is uptrending. It has outperformed by 10.50% the S&P500.

Analysts await Sensient Technologies Corporation (NYSE:SXT) to report earnings on February, 2. They expect $0.78 earnings per share, up 9.86% or $0.07 from last year’s $0.71 per share. SXT’s profit will be $34.95M for 24.96 P/E if the $0.78 EPS becomes a reality. After $0.83 actual earnings per share reported by Sensient Technologies Corporation for the previous quarter, Wall Street now forecasts -6.02% negative EPS growth.

According to Zacks Investment Research, “Sensient Technologies Corporation is a leading global supplier of colors, flavors and fragrances. Using sophisticated technologies at facilities around the world, the Company develops unique formulations and ingredients that bring life to its customers’ products. Sensient manufactures a full range of ink-jet inks, cosmetic and pharmaceutical additives, as well as colors and flavors for many of the world’s best-known brands. (Press Release)”

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.07, from 1.06 in 2016Q1. The ratio turned negative, as 12 funds sold all Sensient Technologies Corporation shares owned while 77 reduced positions. 21 funds bought stakes while 73 increased positions. They now own 38.58 million shares or 0.39% more from 38.43 million shares in 2016Q1.
Moreover, Aberdeen Asset Management Public Ltd Com Uk has 0.14% invested in Sensient Technologies Corporation (NYSE:SXT) for 549,517 shares. Tfs Limited Liability accumulated 0.06% or 4,931 shares. Ironbridge Cap Mngmt L P holds 0.69% of its portfolio in Sensient Technologies Corporation (NYSE:SXT) for 221,993 shares. The Illinois-based Nuveen Asset Limited Com has invested 0.01% in Sensient Technologies Corporation (NYSE:SXT). Ameritas Invest Ptnrs has 10,558 shares for 0.05% of their US portfolio. Asset Management reported 13,120 shares or 0.02% of all its holdings. Driehaus Capital accumulated 27,917 shares or 0.07% of the stock. Parametrica Management Limited has 3,501 shares for 0.37% of their US portfolio. Teachers Retirement System Of The State Of Kentucky holds 10,200 shares or 0.01% of its portfolio. Wafra Invest Advisory reported 295,669 shares or 2.56% of all its holdings. Northern Trust Corp reported 1.22M shares or 0.03% of all its holdings. Louisiana State Employees Retirement Systems holds 11,900 shares or 0.04% of its portfolio. Winslow Evans Crocker last reported 0% of its portfolio in the stock. Kennedy Capital Mgmt Inc last reported 0.34% of its portfolio in the stock. Wilen Mngmt holds 0.32% of its portfolio in Sensient Technologies Corporation (NYSE:SXT) for 6,900 shares.

Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 2 selling transactions for $242,886 net activity. 2,000 shares with value of $148,980 were sold by CLYDESDALE FERGUS M on Monday, November 7. WHITELAW ESSIE had sold 1,269 shares worth $93,906.

More notable recent Sensient Technologies Corporation (NYSE:SXT) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 21, 2011, also Forbes.com with their article: “Sensient Technologies Becomes Oversold” published on October 21, 2016, Businesswire.com published: “Sensient Technologies Corporation Reports Results for the Quarter Ended …” on October 20, 2016. More interesting news about Sensient Technologies Corporation (NYSE:SXT) were released by: Businesswire.com and their article: “Sensient Technologies Corporation Elects Paul Manning Chairman” published on February 05, 2016 as well as Nasdaq.com‘s news article titled: “Sensient Technologies Corporation (SXT) Ex-Dividend Date Scheduled for …” with publication date: November 02, 2016.

SXT Company Profile

Sensient Technologies Corporation, incorporated on December 7, 1882, is a maker and marketer of colors, flavors and fragrances. The Firm uses technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, specialty inks and colors, and other specialty and fine chemicals. The Company’s divisions are the Flavors & Fragrances Group and the Color Group, which are managed on a product-and-services basis, and the Asia Pacific Group, which is managed on a geographic basis. The Company’s clients include international manufacturers. The Company’s products include flavors, flavor enhancers and bionutrients; fragrances, aroma chemicals and essential oils; natural ingredients, including dehydrated vegetables and other food ingredients; natural and synthetic food and beverage colors; cosmetic colors and ingredients and pharmaceutical excipients and ingredients, and technical colors, specialty inks and colors, and specialty dyes and pigments.

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