Blair William & Co. IL Sells 1,469 Shares of International Flavors & Fragrances Inc (IFF)

Blair William & Co. IL lowered its stake in International Flavors & Fragrances Inc (NYSE:IFF) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,387 shares of the specialty chemicals company’s stock after selling 1,469 shares during the quarter. Blair William & Co. IL’s holdings in International Flavors & Fragrances were worth $2,697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swiss National Bank boosted its stake in International Flavors & Fragrances by 8.0% in the 3rd quarter. Swiss National Bank now owns 322,464 shares of the specialty chemicals company’s stock worth $44,861,000 after purchasing an additional 24,000 shares during the period. Pennsylvania Trust Co bought a new position in International Flavors & Fragrances in the 3rd quarter worth about $217,000. Aperio Group LLC boosted its stake in International Flavors & Fragrances by 16.4% in the 3rd quarter. Aperio Group LLC now owns 46,184 shares of the specialty chemicals company’s stock worth $6,425,000 after purchasing an additional 6,515 shares during the period. Alpine Woods Capital Investors LLC boosted its stake in International Flavors & Fragrances by 16.9% in the 2nd 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 period. Finally, Oregon Public Employees Retirement Fund bought a new position in International Flavors & Fragrances in the 2nd quarter worth about $2,273,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Several research analysts have commented on IFF shares. 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 research note on Thursday, August 9th. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. ValuEngine downgraded International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Deutsche Bank upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their target price for the stock from $126.00 to $154.00 in a research note on Tuesday, October 16th. Finally, Citigroup started coverage on International Flavors & Fragrances in a research note on Friday, November 16th. They issued a “neutral” rating and a $152.00 target price for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. International Flavors & Fragrances has an average rating of “Hold” and an average target price of $145.00.

Shares of IFF opened at $138.25 on Thursday. The stock has a market cap of $15.10 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 2.51 and a beta of 0.85. The company has a quick ratio of 8.21, a current ratio of 9.16 and a debt-to-equity ratio of 1.07. International Flavors & Fragrances Inc has a 12-month low of $122.11 and a 12-month high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.54. The firm had revenue of $907.50 million during the quarter, compared to the consensus estimate of $886.15 million. International Flavors & Fragrances had a return on equity of 21.76% and a net margin of 7.86%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $1.47 EPS. On average, equities analysts forecast that International Flavors & Fragrances Inc will post 6.27 earnings per share for the current year.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 64,500 shares of the company’s stock in a transaction dated Friday, October 19th. The stock was purchased at an average price of $139.05 per share, for a total transaction of $8,968,725.00. Following the transaction, the insider now owns 18,080,291 shares in the company, valued at approximately $2,514,064,463.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Francisco Fortanet sold 1,389 shares of International Flavors & Fragrances stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $140.00, for a total value of $194,460.00. Following the sale, the executive vice president now owns 16,193 shares of the company’s stock, valued at approximately $2,267,020. The disclosure for this sale can be found here. In the last quarter, insiders have bought 357,000 shares of company stock valued at $49,370,717. Corporate insiders own 0.50% of the company’s stock.

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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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