Dynamic Technology Lab Private Ltd Has $525,000 Stock Holdings in International Flavors & Fragrances Inc. $IFF

Dynamic Technology Lab Private Ltd lessened its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 64.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,529 shares of the specialty chemicals company’s stock after selling 15,680 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in International Flavors & Fragrances were worth $525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IFF. Gamco Investors INC. ET AL raised its holdings in shares of International Flavors & Fragrances by 0.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 98,058 shares of the specialty chemicals company’s stock valued at $6,034,000 after purchasing an additional 482 shares in the last quarter. Barclays PLC lifted its position in shares of International Flavors & Fragrances by 9.9% during the 3rd quarter. Barclays PLC now owns 999,262 shares of the specialty chemicals company’s stock worth $61,495,000 after purchasing an additional 90,363 shares during the last quarter. Consolidated Portfolio Review Corp bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $261,000. Crossmark Global Holdings Inc. grew its position in International Flavors & Fragrances by 4.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 12,240 shares of the specialty chemicals company’s stock worth $753,000 after purchasing an additional 541 shares during the last quarter. Finally, Cresset Asset Management LLC bought a new position in International Flavors & Fragrances during the third quarter valued at about $367,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Deutsche Bank Aktiengesellschaft increased their price objective on International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Argus boosted their price target on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Berenberg Bank dropped their price objective on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a report on Thursday, February 5th. Finally, Bank of America lifted their price target on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price of $90.09.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $72.67 on Wednesday. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of -53.04, a P/E/G ratio of 1.92 and a beta of 0.99. The stock’s 50 day moving average price is $74.41 and its two-hundred day moving average price is $68.14. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company posted $0.97 EPS. International Flavors & Fragrances’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, March 20th. International Flavors & Fragrances’s payout ratio is -116.79%.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.