Douglas Lane & Associates LLC Reduces Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Douglas Lane & Associates LLC decreased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 913,308 shares of the specialty chemicals company’s stock after selling 45,516 shares during the quarter. International Flavors & Fragrances accounts for about 1.3% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 19th largest position. Douglas Lane & Associates LLC’s holdings in International Flavors & Fragrances were worth $95,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Riverview Trust Co purchased a new position in International Flavors & Fragrances during the first quarter valued at approximately $27,000. Quent Capital LLC lifted its holdings in International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Family Firm Inc. purchased a new position in International Flavors & Fragrances during the second quarter valued at approximately $38,000. Fidelis Capital Partners LLC purchased a new position in International Flavors & Fragrances during the first quarter valued at approximately $44,000. Finally, Larson Financial Group LLC lifted its holdings in International Flavors & Fragrances by 5,050.0% during the first quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 0.0 %

NYSE:IFF traded up $0.03 during mid-day trading on Friday, reaching $102.66. The company’s stock had a trading volume of 724,619 shares, compared to its average volume of 1,695,122. International Flavors & Fragrances Inc. has a 1 year low of $63.21 and a 1 year high of $105.96. The stock has a fifty day moving average of $101.33 and a 200-day moving average of $95.95. The firm has a market capitalization of $26.25 billion, a PE ratio of -11.13, a price-to-earnings-growth ratio of 1.82 and a beta of 1.22. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Friday, September 20th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.60 annualized dividend and a yield of 1.56%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.35%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IFF shares. Wells Fargo & Company lifted their price objective on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the company from $95.00 to $115.00 in a research report on Monday, July 22nd. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Barclays boosted their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.43.

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.