Intech Investment Management LLC Purchases 18,239 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Intech Investment Management LLC lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 113.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,375 shares of the specialty chemicals company’s stock after purchasing an additional 18,239 shares during the quarter. Intech Investment Management LLC’s holdings in International Flavors & Fragrances were worth $3,607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ilex Capital Partners UK LLP increased its stake in International Flavors & Fragrances by 344.5% in the 1st quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after acquiring an additional 656,820 shares during the last quarter. Albar Capital Ltd increased its position in shares of International Flavors & Fragrances by 73.5% in 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. Robeco Institutional Asset Management B.V. raised its stake in International Flavors & Fragrances by 70.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after purchasing an additional 293,760 shares in the last quarter. Swedbank AB purchased a new position in International Flavors & Fragrances in the 1st quarter worth approximately $19,945,000. Finally, Smith Group Asset Management LLC bought a new position in shares of International Flavors & Fragrances in the 3rd quarter worth $22,399,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

IFF has been the subject of several research reports. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Friday, November 8th. Stifel Nicolaus increased their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company upped their price objective on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.27.

International Flavors & Fragrances Trading Up 1.1 %

IFF opened at $90.81 on Friday. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The business has a 50 day simple moving average of $99.33 and a two-hundred day simple moving average of $98.36. The firm has a market capitalization of $23.22 billion, a price-to-earnings ratio of -9.99, a PEG ratio of 1.59 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. International Flavors & Fragrances’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 EPS. Analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now directly owns 3,238 shares of the company’s stock, valued at $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by insiders.

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.