Intech Investment Management LLC Has $2.19 Million Holdings in Inter Parfums, Inc. (NASDAQ:IPAR)

Intech Investment Management LLC lifted its stake in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 122.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,617 shares of the company’s stock after buying an additional 9,138 shares during the period. Intech Investment Management LLC owned about 0.05% of Inter Parfums worth $2,185,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Inter Parfums by 55.9% during the fourth quarter. GAMMA Investing LLC now owns 226 shares of the company’s stock worth $30,000 after buying an additional 81 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Inter Parfums by 7.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,816 shares of the company’s stock worth $239,000 after buying an additional 124 shares in the last quarter. Aurora Investment Counsel increased its holdings in Inter Parfums by 0.8% in the third quarter. Aurora Investment Counsel now owns 19,457 shares of the company’s stock valued at $2,519,000 after purchasing an additional 146 shares during the period. Blue Trust Inc. increased its holdings in Inter Parfums by 25.7% in the fourth quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $106,000 after purchasing an additional 167 shares during the period. Finally, Principal Securities Inc. increased its holdings in Inter Parfums by 15.1% in the fourth quarter. Principal Securities Inc. now owns 1,323 shares of the company’s stock valued at $174,000 after purchasing an additional 174 shares during the period. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Inter Parfums Stock Performance

Shares of IPAR opened at $120.23 on Friday. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.86 billion, a P/E ratio of 25.80 and a beta of 1.18. The firm’s fifty day simple moving average is $135.09 and its two-hundred day simple moving average is $129.92. Inter Parfums, Inc. has a 12 month low of $108.39 and a 12 month high of $148.15.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The firm had revenue of $361.50 million for the quarter, compared to the consensus estimate of $361.56 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. As a group, analysts predict that Inter Parfums, Inc. will post 5.14 EPS for the current year.

Inter Parfums Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.80 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Inter Parfums’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 2.66%. Inter Parfums’s dividend payout ratio (DPR) is currently 62.87%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on IPAR shares. Piper Sandler increased their price objective on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Canaccord Genuity Group increased their price objective on Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, February 27th. BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday. Finally, DA Davidson increased their price objective on Inter Parfums from $163.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $162.80.

About Inter Parfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.