First Trust Direct Indexing L.P. Grows Position in International Flavors & Fragrances Inc. (NYSE:IFF)

First Trust Direct Indexing L.P. lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 41.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,186 shares of the specialty chemicals company’s stock after purchasing an additional 1,526 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in International Flavors & Fragrances were worth $420,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC boosted its position in International Flavors & Fragrances by 3,000.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 300 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at about $41,000. Parkside Financial Bank & Trust boosted its holdings in International Flavors & Fragrances by 241.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 526 shares during the period. Janiczek Wealth Management LLC boosted its stake in shares of International Flavors & Fragrances by 466.7% in the fourth quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company’s stock valued at $74,000 after purchasing an additional 756 shares during the period. Finally, Roble Belko & Company Inc acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at about $89,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wolfe Research initiated coverage on International Flavors & Fragrances in a research note on Friday, March 1st. They set an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft upped their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Citigroup upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and lifted their price target for the company from $81.00 to $100.00 in a research report on Wednesday, April 10th. Finally, Jefferies Financial Group raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $73.00 to $112.00 in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $86.35.

International Flavors & Fragrances Stock Up 2.3 %

International Flavors & Fragrances stock opened at $88.66 on Tuesday. International Flavors & Fragrances Inc. has a 12 month low of $62.11 and a 12 month high of $97.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The company’s fifty day simple moving average is $82.84 and its 200-day simple moving average is $79.10.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. International Flavors & Fragrances’s revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 3.68 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. International Flavors & Fragrances’s payout ratio is currently -15.94%.

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.