Everett Harris & Co. CA Buys 500 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Everett Harris & Co. CA increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,205 shares of the specialty chemicals company’s stock after purchasing an additional 500 shares during the period. Everett Harris & Co. CA’s holdings in International Flavors & Fragrances were worth $1,962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IFF. Northwest Investment Counselors LLC bought a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at $27,000. Point72 Hong Kong Ltd purchased a new stake in International Flavors & Fragrances during the third quarter valued at $42,000. Oakworth Capital Inc. bought a new position in International Flavors & Fragrances in the third quarter valued at about $44,000. Eastern Bank purchased a new position in International Flavors & Fragrances in the third quarter worth about $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $48,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IFF shares. Barclays dropped their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. UBS Group raised their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $111.00 to $110.00 in a research note on Tuesday, November 12th. Finally, Oppenheimer cut their target price on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average target price of $109.00.

International Flavors & Fragrances Stock Down 0.7 %

NYSE IFF opened at $87.07 on Friday. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average price is $86.24 and its 200-day moving average price is $94.83.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.15 EPS for the current year.

Insider Activity

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.