Fruth Investment Management Has $1.87 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Fruth Investment Management lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,776 shares of the specialty chemicals company’s stock after selling 425 shares during the period. Fruth Investment Management’s holdings in International Flavors & Fragrances were worth $1,872,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IFF. Blue Bell Private Wealth Management LLC lifted its stake in shares of International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of International Flavors & Fragrances in the first quarter worth about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of International Flavors & Fragrances during the 4th quarter worth about $41,000. Principal Securities Inc. bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $43,000. Finally, Sachetta LLC acquired a new stake in International Flavors & Fragrances in the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on IFF shares. Bank of America increased their price target on International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Barclays increased their price target on International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Mizuho increased their price target on International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Oppenheimer assumed coverage on shares of International Flavors & Fragrances in a research note on Friday, June 7th. They issued an “outperform” rating and a $116.00 price objective on the stock. Finally, Robert W. Baird raised their price objective on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $95.78.

Insider Activity at International Flavors & Fragrances

In related news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the completion of the transaction, the insider now directly owns 8,539 shares of the company’s stock, valued at $816,840.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded up $0.28 during midday trading on Thursday, reaching $95.02. 566,865 shares of the company traded hands, compared to its average volume of 1,456,459. The stock’s 50-day simple moving average is $94.59 and its 200-day simple moving average is $85.92. International Flavors & Fragrances Inc. has a 12 month low of $62.11 and a 12 month high of $99.91. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the business posted $0.87 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 3.97 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors 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 dividend yield of 1.68%. International Flavors & Fragrances’s dividend payout ratio is -16.38%.

About International Flavors & Fragrances

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.