Huntington National Bank Boosts Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Huntington National Bank lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,314 shares of the specialty chemicals company’s stock after acquiring an additional 219 shares during the quarter. Huntington National Bank’s holdings in International Flavors & Fragrances were worth $365,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of IFF. SBI Securities Co. Ltd. purchased a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $32,000. Fairway Wealth LLC bought a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $34,000. Rialto Wealth Management LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at $42,000. Principal Securities Inc. boosted its stake in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 171 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in International Flavors & Fragrances during the 4th quarter worth $78,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O’byrne bought 6,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now owns 6,500 shares in the company, valued at approximately $522,860. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Down 4.5 %

IFF stock opened at $73.01 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $81.66 and its 200 day simple moving average is $89.05. The stock has a market cap of $18.67 billion, a PE ratio of 77.67, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a fifty-two week low of $72.82 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. As a group, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is 170.21%.

Analyst Ratings Changes

IFF has been the topic of several research analyst reports. Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research report on Thursday, February 20th. JPMorgan Chase & Co. reduced their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Barclays lowered their price target on International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Oppenheimer reduced their price objective on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus dropped their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.31.

International Flavors & Fragrances Company Profile

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.