Fruth Investment Management Cuts Position in International Flavors & Fragrances Inc (IFF)

Fruth Investment Management reduced its position in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 2.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,701 shares of the specialty chemicals company’s stock after selling 650 shares during the quarter. International Flavors & Fragrances makes up about 1.9% of Fruth Investment Management’s holdings, making the stock its 6th biggest holding. Fruth Investment Management’s holdings in International Flavors & Fragrances were worth $4,380,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. D.A. Davidson & CO. raised its holdings in International Flavors & Fragrances by 0.5% during the 2nd quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 5 shares during the last quarter. YorkBridge Wealth Partners LLC increased its position in International Flavors & Fragrances by 5.7% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 41 shares during the period. FIL Ltd increased its position in International Flavors & Fragrances by 1.0% during the 2nd quarter. FIL Ltd now owns 6,384 shares of the specialty chemicals company’s stock valued at $862,000 after purchasing an additional 61 shares during the period. Commonwealth Bank of Australia increased its position in International Flavors & Fragrances by 6.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 76 shares during the period. Finally, Pacer Advisors Inc. increased its position in International Flavors & Fragrances by 7.9% during the 2nd quarter. Pacer Advisors Inc. now owns 1,582 shares of the specialty chemicals company’s stock valued at $214,000 after purchasing an additional 116 shares during the period. Institutional investors own 82.75% of the company’s stock.

In related news, EVP Anne Chwat sold 3,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $149.61, for a total transaction of $448,830.00. Following the sale, the executive vice president now directly owns 39,157 shares of the company’s stock, valued at approximately $5,858,278.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is owned by corporate insiders.

A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. KeyCorp boosted their price objective on shares of International Flavors & Fragrances from $148.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Berenberg Bank reissued a “buy” rating and set a $160.00 price objective on shares of International Flavors & Fragrances in a research report on Friday, November 10th. Finally, UBS Group reissued a “buy” rating and set a $166.00 price objective (up from $151.00) on shares of International Flavors & Fragrances in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $147.50.

International Flavors & Fragrances Inc (NYSE IFF) traded up $0.17 during trading hours on Tuesday, hitting $153.70. 366,700 shares of the stock were exchanged, compared to its average volume of 286,889. The stock has a market cap of $12,140.00, a P/E ratio of 29.44, a PEG ratio of 2.81 and a beta of 1.19. The company has a quick ratio of 1.77, a current ratio of 2.66 and a debt-to-equity ratio of 0.92. International Flavors & Fragrances Inc has a 12-month low of $114.81 and a 12-month high of $157.22.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. The firm had revenue of $872.90 million for the quarter, compared to the consensus estimate of $847.63 million. International Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 EPS. analysts expect that International Flavors & Fragrances Inc will post 5.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 29th were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, December 28th. International Flavors & Fragrances’s dividend payout ratio is presently 52.87%.

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International Flavors & Fragrances Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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