International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Bar Harbor Wealth Management

Bar Harbor Wealth Management lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 9.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,377 shares of the specialty chemicals company’s stock after acquiring an additional 2,071 shares during the period. Bar Harbor Wealth Management’s holdings in International Flavors & Fragrances were worth $1,977,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IFF. Northwest Investment Counselors LLC bought a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth about $42,000. Oakworth Capital Inc. purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $44,000. Eastern Bank acquired a new stake in shares of International Flavors & Fragrances in the third quarter worth $46,000. Finally, Ashton Thomas Securities LLC acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth about $48,000. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares of the company’s stock, valued at $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 is available at this link. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Stock Up 2.3 %

Shares of International Flavors & Fragrances stock traded up $1.85 during trading on Monday, reaching $83.21. The stock had a trading volume of 1,010,897 shares, compared to its average volume of 1,465,417. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $21.28 billion, a price-to-earnings ratio of -9.15, a P/E/G ratio of 1.54 and a beta of 1.18. The stock has a fifty day moving average price of $87.77 and a two-hundred day moving average price of $95.91. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the business earned $0.89 earnings per share. International Flavors & Fragrances’s revenue was up 3.7% compared to the same quarter last year. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Friday, November 8th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Barclays upped their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.08.

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.