Douglas Lane & Associates LLC Lowers Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Douglas Lane & Associates LLC cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 862,095 shares of the specialty chemicals company’s stock after selling 51,213 shares during the quarter. Douglas Lane & Associates LLC’s holdings in International Flavors & Fragrances were worth $72,890,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IFF. Northwest Investment Counselors LLC acquired a new stake in International Flavors & Fragrances in the 3rd quarter worth about $27,000. Point72 Hong Kong Ltd purchased a new stake in shares of International Flavors & Fragrances during the third quarter worth approximately $42,000. Oakworth Capital Inc. acquired a new position in International Flavors & Fragrances in the 3rd quarter valued at $44,000. Eastern Bank purchased a new position in International Flavors & Fragrances in the 3rd quarter valued at $46,000. Finally, Headlands Technologies LLC acquired a new stake in International Flavors & Fragrances during the 2nd quarter worth $48,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IFF shares. JPMorgan Chase & Co. reduced their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday. Citigroup dropped their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Stifel Nicolaus boosted their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus target price of $110.21.

International Flavors & Fragrances Trading Down 0.3 %

Shares of IFF stock traded down $0.27 on Wednesday, hitting $82.29. The stock had a trading volume of 529,812 shares, compared to its average volume of 1,396,114. The company’s 50 day moving average price is $88.85 and its 200-day moving average price is $96.22. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77. 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 firm has a market capitalization of $21.04 billion, a P/E ratio of -9.05, a P/E/G ratio of 1.54 and a beta of 1.18.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. Analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.94%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.60%.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Profile

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.