Intech Investment Management LLC Buys 18,239 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Intech Investment Management LLC raised its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 113.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,375 shares of the specialty chemicals company’s stock after buying an additional 18,239 shares during the quarter. Intech Investment Management LLC’s holdings in International Flavors & Fragrances were worth $3,607,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IFF. Northwest Investment Counselors LLC purchased a new position in shares of International Flavors & Fragrances in the 3rd quarter worth about $27,000. Family Firm Inc. bought a new position in shares of International Flavors & Fragrances in the second quarter worth approximately $38,000. Oakworth Capital Inc. purchased a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $44,000. Eastern Bank bought a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $46,000. Finally, MCF Advisors LLC raised its holdings in International Flavors & Fragrances by 1,856.0% in the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 464 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Up 1.1 %

Shares of IFF opened at $90.81 on Friday. The business’s 50 day moving average is $99.33 and its 200 day moving average is $98.36. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a market capitalization of $23.22 billion, a PE ratio of -9.99, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 EPS. Research analysts expect that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s payout ratio is presently -17.60%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

IFF has been the subject of several recent analyst reports. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Stifel Nicolaus upped their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Barclays raised their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.27.

International Flavors & Fragrances 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.