WASHINGTON TRUST Co Acquires New Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

WASHINGTON TRUST Co bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 54,324 shares of the specialty chemicals company’s stock, valued at approximately $4,593,000.

Other large investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in International Flavors & Fragrances during the third quarter worth about $27,000. Point72 Hong Kong Ltd purchased a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $42,000. Oakworth Capital Inc. acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $44,000. Eastern Bank purchased a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $46,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $48,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IFF shares. Barclays lowered their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. UBS Group upped 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. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stifel Nicolaus dropped their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.77.

International Flavors & Fragrances Stock Performance

IFF opened at $85.60 on Friday. The stock’s 50-day moving average price is $85.25 and its 200 day moving average price is $93.97. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.