International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Fruth Investment Management

Fruth Investment Management lessened its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,426 shares of the specialty chemicals company’s stock after selling 300 shares during the period. Fruth Investment Management’s holdings in International Flavors & Fragrances were worth $2,248,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its position in shares of International Flavors & Fragrances by 7.8% in the first quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock valued at $410,919,000 after buying an additional 344,377 shares during the last quarter. First Pacific Advisors LP raised its position in shares of International Flavors & Fragrances by 2.0% in the second quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock valued at $381,917,000 after buying an additional 80,558 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in International Flavors & Fragrances by 9.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock worth $163,003,000 after purchasing an additional 162,179 shares during the last quarter. Dimensional Fund Advisors LP increased its position in International Flavors & Fragrances by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after purchasing an additional 123,693 shares during the last quarter. Finally, Albar Capital Ltd increased its position in International Flavors & Fragrances by 73.5% during the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after purchasing an additional 485,433 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $105.14 on Tuesday. The company has a market capitalization of $26.85 billion, a PE ratio of -10.76, a price-to-earnings-growth ratio of 1.82 and a beta of 1.22. The firm has a fifty day simple moving average of $101.54 and a 200-day simple moving average of $96.16. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances Inc. has a twelve month low of $63.21 and a twelve month high of $105.96.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. Equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were paid a $0.40 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.52%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

Wall Street Analyst Weigh In

IFF has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Morgan Stanley upped their price target on shares of 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. Oppenheimer upped their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. upped their price target on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.43.

International Flavors & Fragrances 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.