1,561 Shares in International Flavors & Fragrances Inc (IFF) Acquired by Pennsylvania Trust Co

Pennsylvania Trust Co bought a new position in International Flavors & Fragrances Inc (NYSE:IFF) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,561 shares of the specialty chemicals company’s stock, valued at approximately $217,000.

A number of other hedge funds also recently modified their holdings of IFF. Winder Investment Pte Ltd boosted its holdings in International Flavors & Fragrances by 32.4% in the second quarter. Winder Investment Pte Ltd now owns 14,000,000 shares of the specialty chemicals company’s stock worth $1,735,440,000 after purchasing an additional 3,425,403 shares during the last quarter. BlackRock Inc. boosted its holdings in International Flavors & Fragrances by 5.9% in the second quarter. BlackRock Inc. now owns 5,646,920 shares of the specialty chemicals company’s stock worth $699,992,000 after purchasing an additional 315,418 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp purchased a new stake in International Flavors & Fragrances in the second quarter worth approximately $33,886,000. Swedbank boosted its holdings in International Flavors & Fragrances by 35.5% in the second quarter. Swedbank now owns 994,492 shares of the specialty chemicals company’s stock worth $123,277,000 after purchasing an additional 260,542 shares during the last quarter. Finally, Rovida Advisors Inc. purchased a new stake in International Flavors & Fragrances in the second quarter worth approximately $29,124,000. Institutional investors own 73.59% of the company’s stock.

Several brokerages recently issued reports on IFF. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a report on Friday, September 28th. ValuEngine upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of International Flavors & Fragrances in a report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $146.00.

In other news, EVP Francisco Fortanet sold 1,389 shares of International Flavors & Fragrances stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $140.00, for a total transaction of $194,460.00. Following the transaction, the executive vice president now owns 16,193 shares in the company, valued at approximately $2,267,020. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Winder Investment Pte Ltd purchased 77,000 shares of the company’s stock in a transaction dated Monday, July 16th. The shares were acquired at an average price of $127.59 per share, for a total transaction of $9,824,430.00. Following the purchase, the insider now directly owns 14,177,000 shares in the company, valued at $1,808,843,430. The disclosure for this purchase can be found here. Insiders have bought a total of 1,005,400 shares of company stock worth $132,081,625 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Shares of International Flavors & Fragrances stock opened at $130.92 on Friday. The firm has a market cap of $12.76 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01. International Flavors & Fragrances Inc has a 1-year low of $122.11 and a 1-year high of $157.40. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.90 and a current ratio of 2.90.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.05. The business had revenue of $920.02 million for the quarter, compared to analysts’ expectations of $899.62 million. International Flavors & Fragrances had a net margin of 8.35% and a return on equity of 28.32%. During the same quarter last year, the company posted $1.50 EPS. As a group, equities analysts expect that International Flavors & Fragrances Inc will post 6.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Monday, September 24th were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, September 21st. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.69. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 49.58%.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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