Raymond James Trust N.A. Takes $203,000 Position in International Flavors & Fragrances Inc (IFF)

Raymond James Trust N.A. acquired a new position in shares of International Flavors & Fragrances Inc (NYSE:IFF) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,457 shares of the specialty chemicals company’s stock, valued at approximately $203,000.

Other hedge funds have also recently modified their holdings of the company. Alpine Woods Capital Investors LLC raised its holdings in International Flavors & Fragrances by 16.9% during the second quarter. Alpine Woods Capital Investors LLC now owns 24,850 shares of the specialty chemicals company’s stock worth $3,080,000 after purchasing an additional 3,600 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in shares of International Flavors & Fragrances in the second quarter worth $2,273,000. Reilly Herbert Faulkner III raised its holdings in shares of International Flavors & Fragrances by 2.4% in the second quarter. Reilly Herbert Faulkner III now owns 34,620 shares of the specialty chemicals company’s stock worth $4,291,000 after acquiring an additional 800 shares during the last quarter. Winder Investment Pte Ltd raised its holdings in shares of 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 acquiring an additional 3,425,403 shares during the last quarter. Finally, Pennsylvania Trust Co acquired a new position in shares of International Flavors & Fragrances in the third quarter worth $217,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on IFF shares. Zacks Investment Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a report on Friday, September 28th. ValuEngine raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. Deutsche Bank raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their price target for the stock from $126.00 to $154.00 in a report on Tuesday, October 16th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $139.00 price target (up 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 given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $149.33.

NYSE IFF opened at $139.12 on Friday. International Flavors & Fragrances Inc has a fifty-two week low of $122.11 and a fifty-two week high of $157.40. The firm has a market capitalization of $14.84 billion, a PE ratio of 22.37, a P/E/G ratio of 2.47 and a beta of 1.02. The company has a quick ratio of 1.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.98.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.05. The company had revenue of $920.02 million during the quarter, compared to analysts’ expectations of $899.62 million. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. During the same period in the previous year, the firm posted $1.50 earnings per share. As a group, research analysts predict that International Flavors & Fragrances Inc will post 6.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Monday, September 24th were given a $0.73 dividend. The ex-dividend date was Friday, September 21st. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.10%. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.69. International Flavors & Fragrances’s payout ratio is currently 49.58%.

In other news, EVP Francisco Fortanet sold 1,389 shares of International Flavors & Fragrances stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $140.00, for a total value of $194,460.00. Following the completion of the sale, the executive vice president now owns 16,193 shares of the company’s stock, valued at $2,267,020. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Winder Investment Pte Ltd acquired 100,000 shares of the stock in a transaction dated Tuesday, October 16th. The stock was acquired at an average cost of $136.75 per share, with a total value of $13,675,000.00. Following the transaction, the insider now owns 17,913,631 shares of the company’s stock, valued at $2,449,689,039.25. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 856,608 shares of company stock valued at $113,787,626. Company insiders own 0.48% of the company’s stock.

International Flavors & Fragrances Company 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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