International Flavors & Fragrances Inc. (NYSE:IFF) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) by 28.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 21,170 shares of the specialty chemicals company’s stock after buying an additional 4,625 shares during the quarter. HighTower Advisors LLC’s holdings in International Flavors & Fragrances were worth $2,785,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Covestor Ltd bought a new position in International Flavors & Fragrances during the 4th quarter worth approximately $25,000. Atwood & Palmer Inc. lifted its holdings in shares of International Flavors & Fragrances by 1,718.2% in the 1st quarter. Atwood & Palmer Inc. now owns 200 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 189 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of International Flavors & Fragrances by 512.5% in the 1st quarter. CVA Family Office LLC now owns 245 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 205 shares during the last quarter. Nauset Wealth Management. LLC bought a new stake in shares of International Flavors & Fragrances in the 1st quarter worth approximately $37,000. Finally, Allworth Financial LP lifted its holdings in shares of International Flavors & Fragrances by 330.6% in the 1st quarter. Allworth Financial LP now owns 310 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 238 shares during the last quarter. Institutional investors own 89.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IFF. Robert W. Baird cut their price target on International Flavors & Fragrances from $160.00 to $140.00 in a report on Wednesday, August 10th. Jefferies Financial Group downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating and cut their price target for the stock from $170.00 to $101.00 in a report on Thursday, June 16th. Barclays lifted their target price on International Flavors & Fragrances from $102.00 to $105.00 and gave the company an “underweight” rating in a research note on Thursday, August 11th. Wells Fargo & Company cut their target price on International Flavors & Fragrances from $150.00 to $147.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 10th. Finally, Credit Suisse Group started coverage on International Flavors & Fragrances in a research note on Monday, June 27th. They set an “outperform” rating and a $145.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

International Flavors & Fragrances Stock Down 0.7 %

Shares of IFF stock opened at $107.83 on Tuesday. International Flavors & Fragrances Inc. has a 1 year low of $105.38 and a 1 year high of $155.00. The stock has a market cap of $27.49 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 2.03 and a beta of 1.02. The business’s fifty day moving average is $119.54 and its 200-day moving average is $124.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.64.

International Flavors & Fragrances (NYSE:IFFGet Rating) last issued its earnings results on Monday, August 8th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.12. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.25 billion. International Flavors & Fragrances had a return on equity of 7.05% and a net margin of 5.03%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 EPS. Equities analysts expect that International Flavors & Fragrances Inc. will post 5.76 earnings per share for the current fiscal year.

International Flavors & Fragrances Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Friday, September 23rd will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.00%. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.79. The ex-dividend date is Thursday, September 22nd. International Flavors & Fragrances’s payout ratio is presently 126.40%.

Insider Buying and Selling

In related news, EVP Francisco Fortanet sold 10,000 shares of International Flavors & Fragrances stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $125.00, for a total value of $1,250,000.00. Following the transaction, the executive vice president now directly owns 17,237 shares in the company, valued at approximately $2,154,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Profile

(Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

Further Reading

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

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