2,473 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Purchased by Great Diamond Partners LLC

Great Diamond Partners LLC acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,473 shares of the specialty chemicals company’s stock, valued at approximately $235,000.

A number of other large investors also recently bought and sold shares of IFF. Bayesian Capital Management LP bought a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at about $9,316,000. Clearfield Capital Management LP bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $28,771,000. Price T Rowe Associates Inc. MD raised its position in shares of International Flavors & Fragrances by 19.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,733,402 shares of the specialty chemicals company’s stock worth $140,355,000 after purchasing an additional 280,069 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of International Flavors & Fragrances by 3.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 68,751 shares of the specialty chemicals company’s stock worth $5,567,000 after purchasing an additional 2,514 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in International Flavors & Fragrances by 77.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 31,629 shares of the specialty chemicals company’s stock valued at $2,561,000 after purchasing an additional 13,786 shares during the period. Institutional investors own 96.02% of the company’s stock.

Insider Activity

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total transaction of $247,568.08. Following the transaction, the insider now directly owns 8,539 shares in the company, valued at approximately $816,840.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Stifel Nicolaus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their target price for the company from $95.00 to $115.00 in a research note on Monday, July 22nd. UBS Group reduced their target price on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Citigroup raised their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Morgan Stanley boosted their price objective on International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 3rd. Finally, Bank of America raised their target price on International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $101.80.

International Flavors & Fragrances Price Performance

NYSE:IFF traded up $1.10 during trading hours on Friday, reaching $104.03. 1,639,013 shares of the company’s stock were exchanged, compared to its average volume of 1,783,067. The company has a market capitalization of $26.56 billion, a P/E ratio of -10.55, a price-to-earnings-growth ratio of 1.95 and a beta of 1.26. International Flavors & Fragrances Inc. has a 12 month low of $62.28 and a 12 month high of $104.17. The business’s 50-day simple moving average is $97.45 and its two-hundred day simple moving average is $90.83. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 1.4% compared to the same quarter last year. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 3.98 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s payout ratio is -16.38%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.