Wilmington Savings Fund Society FSB Makes New $406,000 Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Wilmington Savings Fund Society FSB purchased a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,866 shares of the specialty chemicals company’s stock, valued at approximately $406,000.

Several other large investors also recently modified their holdings of IFF. Blue Trust Inc. increased its stake in International Flavors & Fragrances by 36.8% in the second quarter. Blue Trust Inc. now owns 1,885 shares of the specialty chemicals company’s stock valued at $179,000 after purchasing an additional 507 shares in the last quarter. Nisa Investment Advisors LLC increased its position in International Flavors & Fragrances by 20.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 26,633 shares of the specialty chemicals company’s stock valued at $2,546,000 after buying an additional 4,455 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in International Flavors & Fragrances in the second quarter worth approximately $221,000. Moss Adams Wealth Advisors LLC acquired a new stake in International Flavors & Fragrances in the second quarter valued at approximately $213,000. Finally, GYL Financial Synergies LLC bought a new stake in shares of International Flavors & Fragrances during the second quarter valued at approximately $223,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IFF shares. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Friday, November 8th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Thursday, November 7th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Oppenheimer boosted their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Stifel Nicolaus raised their target price on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average target price of $111.00.

International Flavors & Fragrances Stock Down 0.3 %

Shares of NYSE IFF opened at $87.18 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The stock has a market capitalization of $22.29 billion, a PE ratio of -9.59, a P/E/G ratio of 1.55 and a beta of 1.17. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The business’s fifty day moving average price is $94.93 and its 200-day moving average price is $97.57.

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

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.84%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.60%.

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.