Dynamic Technology Lab Private Ltd Makes New $576,000 Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Dynamic Technology Lab Private Ltd acquired a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,488 shares of the specialty chemicals company’s stock, valued at approximately $576,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IFF. Northwest Investment Counselors LLC purchased a new stake in International Flavors & Fragrances in the 3rd quarter worth approximately $27,000. Family Firm Inc. purchased a new stake in International Flavors & Fragrances during the second quarter worth $38,000. Oakworth Capital Inc. acquired a new stake in International Flavors & Fragrances during the third quarter valued at $44,000. Eastern Bank purchased a new position in International Flavors & Fragrances in the third quarter valued at $46,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of International Flavors & Fragrances in the third quarter worth about $48,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Down 0.1 %

IFF opened at $90.82 on Friday. The firm has a market capitalization of $23.22 billion, a price-to-earnings ratio of -9.99, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. The company’s 50 day simple moving average is $98.55 and its two-hundred day simple moving average is $98.23. 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.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data 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). The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. Analysts expect that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s payout ratio is currently -17.60%.

Analyst Ratings Changes

Several equities analysts recently weighed in on IFF shares. Wells Fargo & Company lifted their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Oppenheimer increased their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Stifel Nicolaus boosted their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. decreased 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. One investment analyst has rated the stock with a sell rating, four have issued 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 target price of $111.00.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is 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.