E. Ohman J or Asset Management AB Acquires 1,900 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

E. Ohman J or Asset Management AB increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,934 shares of the specialty chemicals company’s stock after purchasing an additional 1,900 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in International Flavors & Fragrances were worth $1,009,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IFF. Optas LLC boosted its stake in shares of International Flavors & Fragrances by 26.2% in the 4th quarter. Optas LLC now owns 2,484 shares of the specialty chemicals company’s stock valued at $210,000 after purchasing an additional 516 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $7,508,000. Avantra Family Wealth Inc. acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $206,000. Everett Harris & Co. CA boosted its stake in shares of International Flavors & Fragrances by 2.2% in the 4th quarter. Everett Harris & Co. CA now owns 23,205 shares of the specialty chemicals company’s stock valued at $1,962,000 after purchasing an additional 500 shares in the last quarter. Finally, Swedbank AB raised its holdings in International Flavors & Fragrances by 1.6% in the 4th quarter. Swedbank AB now owns 178,075 shares of the specialty chemicals company’s stock valued at $15,056,000 after buying an additional 2,749 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

IFF opened at $86.12 on Thursday. 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 company has a market capitalization of $22.02 billion, a price-to-earnings ratio of -9.47, a P/E/G ratio of 1.54 and a beta of 1.19. The firm’s fifty day moving average price is $85.96 and its two-hundred day moving average price is $94.59. 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 posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IFF. JPMorgan Chase & Co. dropped their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Thursday, November 7th. UBS Group raised 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. Finally, Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.77.

Insiders Place Their Bets

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s 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 transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

International Flavors & Fragrances Profile

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.