Davidson Investment Advisors Has $10.41 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Davidson Investment Advisors trimmed its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.0% in the fourth quarter, HoldingsChannel reports. The firm owned 123,071 shares of the specialty chemicals company’s stock after selling 10,703 shares during the period. Davidson Investment Advisors’ holdings in International Flavors & Fragrances were worth $10,406,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IFF. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at about $27,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the third quarter valued at approximately $42,000. Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $44,000. Eastern Bank acquired a new position in shares of International Flavors & Fragrances during the third quarter worth approximately $46,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of International Flavors & Fragrances in the 3rd quarter worth $48,000. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Price Performance

IFF stock opened at $85.60 on Tuesday. 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 quick ratio of 1.93 and a current ratio of 2.62. The company’s 50 day moving average is $85.18 and its 200 day moving average is $93.80.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IFF shares. Oppenheimer decreased their target price on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Citigroup lowered their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. cut their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Barclays lowered their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.77.

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.