Northern Trust Corp Sells 117,843 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Northern Trust Corp lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,001,911 shares of the specialty chemicals company’s stock after selling 117,843 shares during the period. Northern Trust Corp owned approximately 1.18% of International Flavors & Fragrances worth $243,065,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of IFF. Blue Bell Private Wealth Management LLC increased its position in shares of International Flavors & Fragrances by 3,000.0% in the fourth 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 acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at about $41,000. Principal Securities Inc. acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at about $43,000. Sachetta LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at about $50,000. Finally, Optiver Holding B.V. acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at about $50,000. Institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on IFF shares. Citigroup raised their price objective on International Flavors & Fragrances from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Bank of America lifted their price target on International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Robert W. Baird lifted their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $95.61.

View Our Latest Stock Analysis on International Flavors & Fragrances

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $98.48 on Friday. The stock has a 50 day simple moving average of $90.58 and a two-hundred day simple moving average of $83.42. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $99.91.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last issued its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.27. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 3.86 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be issued a $0.40 dividend. 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 1.62%. International Flavors & Fragrances’s payout ratio is currently -16.38%.

International Flavors & Fragrances Company Profile

(Free Report)

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.

See Also

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

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.