Arlington Partners LLC Buys 6,358 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Arlington Partners LLC increased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 18.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,759 shares of the specialty chemicals company’s stock after purchasing an additional 6,358 shares during the period. International Flavors & Fragrances makes up approximately 1.7% of Arlington Partners LLC’s holdings, making the stock its 26th biggest position. Arlington Partners LLC’s holdings in International Flavors & Fragrances were worth $4,277,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of International Flavors & Fragrances by 23.6% during the first quarter. BNP Paribas Financial Markets now owns 263,720 shares of the specialty chemicals company’s stock valued at $22,677,000 after buying an additional 50,405 shares during the last quarter. Norden Group LLC boosted its stake in International Flavors & Fragrances by 313.1% during the 1st quarter. Norden Group LLC now owns 10,678 shares of the specialty chemicals company’s stock valued at $919,000 after purchasing an additional 8,093 shares during the last quarter. Sei Investments Co. increased its holdings in shares of International Flavors & Fragrances by 55.4% in the 1st quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock worth $8,686,000 after purchasing an additional 36,026 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of International Flavors & Fragrances by 8.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,879 shares of the specialty chemicals company’s stock worth $55,969,000 after purchasing an additional 49,614 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of International Flavors & Fragrances during the first quarter valued at $1,115,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on IFF shares. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price objective on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Oppenheimer raised their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Morgan Stanley increased their price target on International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday, July 3rd. Finally, Citigroup lifted their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.43.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF traded down $0.53 during mid-day trading on Monday, reaching $103.97. The company’s stock had a trading volume of 362,000 shares, compared to its average volume of 1,676,958. The stock has a fifty day moving average of $102.31 and a two-hundred day moving average of $96.64. The firm has a market capitalization of $26.55 billion, a PE ratio of -10.70, a P/E/G ratio of 1.82 and a beta of 1.22. International Flavors & Fragrances Inc. has a 52 week low of $63.21 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the firm posted $0.86 EPS. The company’s revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were issued a $0.40 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.