Private Trust Co. NA Decreases Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Private Trust Co. NA decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 16.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 850 shares of the specialty chemicals company’s stock after selling 163 shares during the quarter. Private Trust Co. NA’s holdings in International Flavors & Fragrances were worth $89,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of International Flavors & Fragrances by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after buying an additional 7,553 shares in the last quarter. Kimelman & Baird LLC acquired a new position in International Flavors & Fragrances in the second quarter valued at $868,000. GM Advisory Group LLC purchased a new position in shares of International Flavors & Fragrances during the second quarter worth about $686,000. Cetera Investment Advisers increased its position in shares of International Flavors & Fragrances by 69.5% during the first quarter. Cetera Investment Advisers now owns 56,751 shares of the specialty chemicals company’s stock worth $4,880,000 after purchasing an additional 23,278 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at about $693,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Up 0.6 %

Shares of IFF stock opened at $91.35 on Friday. The business’s fifty day moving average price is $98.30 and its 200 day moving average price is $98.18. The firm has a market capitalization of $23.36 billion, a PE ratio of -9.93, a P/E/G ratio of 1.60 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly 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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.75%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.60%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IFF. Oppenheimer upped their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Friday, November 8th. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. 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 note on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Insiders Place Their Bets

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred on 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 transaction, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

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.