Signaturefd LLC Has $422,000 Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Signaturefd LLC boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 8.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,993 shares of the specialty chemicals company’s stock after purchasing an additional 385 shares during the period. Signaturefd LLC’s holdings in International Flavors & Fragrances were worth $422,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of International Flavors & Fragrances by 1.9% in the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after buying an additional 196,696 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of International Flavors & Fragrances by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after buying an additional 77,521 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of International Flavors & Fragrances by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after buying an additional 1,663,629 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of International Flavors & Fragrances by 25.7% in the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after buying an additional 1,121,414 shares during the last quarter. Finally, First Pacific Advisors LP lifted its position in shares of International Flavors & Fragrances by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 4,029,773 shares of the specialty chemicals company’s stock worth $340,717,000 after buying an additional 22,991 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stifel Nicolaus reduced their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Barclays dropped their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Citigroup dropped their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company dropped their price objective on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus price target of $103.77.

International Flavors & Fragrances Trading Down 1.0 %

Shares of IFF opened at $79.71 on Friday. International Flavors & Fragrances Inc. has a 12-month low of $78.91 and a 12-month high of $106.77. 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 has a market capitalization of $20.38 billion, a price-to-earnings ratio of 84.79, a P/E/G ratio of 1.45 and a beta of 1.21. The stock’s 50-day moving average price is $83.30 and its 200 day moving average price is $91.05.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders 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 yield of 2.01%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s payout ratio is 170.21%.

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Kevin O’byrne acquired 6,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company’s stock, valued at $522,860. This trade represents a ? increase in their ownership of the stock. The acquisition 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 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.