Arlington Partners LLC Boosts Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Arlington Partners LLC increased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 18.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,759 shares of the specialty chemicals company’s stock after purchasing an additional 6,358 shares during the period. International Flavors & Fragrances makes up about 1.7% of Arlington Partners LLC’s investment portfolio, making the stock its 26th largest position. Arlington Partners LLC’s holdings in International Flavors & Fragrances were worth $4,277,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Riverview Trust Co purchased a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at about $27,000. Quent Capital LLC lifted its stake in shares of International Flavors & Fragrances by 183.2% in the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Family Firm Inc. purchased a new position in shares of International Flavors & Fragrances in the 2nd quarter worth approximately $38,000. Fidelis Capital Partners LLC bought a new position in shares of International Flavors & Fragrances during the 1st quarter valued at approximately $44,000. Finally, Larson Financial Group LLC raised its holdings in International Flavors & Fragrances by 5,050.0% during the 1st quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 505 shares during the period. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.5 %

NYSE:IFF traded down $0.53 during mid-day trading on Monday, reaching $103.97. The company’s stock had a trading volume of 362,000 shares, compared to its average volume of 1,676,958. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $26.55 billion, a PE ratio of -10.70, a price-to-earnings-growth ratio of 1.82 and a beta of 1.22. The stock has a fifty day moving average of $102.31 and a 200-day moving average of $96.64. International Flavors & Fragrances Inc. has a 1 year low of $63.21 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The firm had revenue of $2.89 billion for 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 company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Friday, September 20th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -16.38%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $115.00 in a research note on Monday, July 22nd. UBS Group reduced their price objective on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Morgan Stanley boosted their target price on International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 3rd. Citigroup increased their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Barclays boosted their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $107.43.

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.