International Flavors & Fragrances Inc (IFF) Shares Sold by Fruth Investment Management

Fruth Investment Management decreased its holdings in International Flavors & Fragrances Inc (NYSE:IFF) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,701 shares of the specialty chemicals company’s stock after selling 650 shares during the quarter. International Flavors & Fragrances accounts for about 1.9% of Fruth Investment Management’s portfolio, making the stock its 6th largest holding. Fruth Investment Management’s holdings in International Flavors & Fragrances were worth $4,380,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC raised its stake in International Flavors & Fragrances by 5.7% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock worth $103,000 after purchasing an additional 41 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $118,000. D.A. Davidson & CO. raised its position in shares of International Flavors & Fragrances by 0.5% in the 2nd quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 5 shares in the last quarter. Commonwealth Bank of Australia raised its position in shares of International Flavors & Fragrances by 6.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock valued at $171,000 after buying an additional 76 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in shares of International Flavors & Fragrances in the 2nd quarter valued at approximately $189,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

IFF has been the subject of several analyst reports. KeyCorp restated a “buy” rating and issued a $148.00 target price on shares of International Flavors & Fragrances in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “buy” rating and set a $168.00 target price for the company in a research report on Thursday, November 9th. Berenberg Bank restated a “buy” rating and issued a $160.00 target price on shares of International Flavors & Fragrances in a research report on Friday, November 10th. Finally, UBS Group restated a “buy” rating and issued a $166.00 target price (up from $151.00) on shares of International Flavors & Fragrances in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $147.50.

In related news, EVP Anne Chwat sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $149.61, for a total transaction of $448,830.00. Following the completion of the transaction, the executive vice president now directly owns 39,157 shares in the company, valued at approximately $5,858,278.77. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

Shares of International Flavors & Fragrances Inc (NYSE IFF) traded down $1.04 during trading hours on Tuesday, hitting $155.83. 208,000 shares of the stock traded hands, compared to its average volume of 269,600. The firm has a market cap of $12,290.00, a PE ratio of 29.85, a PEG ratio of 2.87 and a beta of 1.19. The company has a quick ratio of 1.77, a current ratio of 2.66 and a debt-to-equity ratio of 0.92. International Flavors & Fragrances Inc has a one year low of $113.50 and a one year high of $157.22.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. The business had revenue of $872.90 million during the quarter, compared to analysts’ expectations of $847.63 million. International Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 EPS. sell-side analysts forecast that International Flavors & Fragrances Inc will post 5.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 8th. Investors of record on Friday, December 29th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Thursday, December 28th. International Flavors & Fragrances’s dividend payout ratio is 52.87%.

COPYRIGHT VIOLATION NOTICE: “International Flavors & Fragrances Inc (IFF) Shares Sold by Fruth Investment Management” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.com-unik.info/2018/01/09/international-flavors-fragrances-inc-iff-shares-sold-by-fruth-investment-management.html.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc (NYSE:IFF).

Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit