KLP Kapitalforvaltning AS Makes New $7.19 Million Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

KLP Kapitalforvaltning AS purchased a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 84,677 shares of the specialty chemicals company's stock, valued at approximately $7,189,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. lifted its stake in International Flavors & Fragrances by 6.0% during the fourth quarter. Sei Investments Co. now owns 174,671 shares of the specialty chemicals company's stock worth $14,768,000 after purchasing an additional 9,879 shares during the period. American Century Companies Inc. lifted its position in shares of International Flavors & Fragrances by 77.5% during the 4th quarter. American Century Companies Inc. now owns 84,054 shares of the specialty chemicals company's stock worth $7,107,000 after buying an additional 36,711 shares during the period. Mizuho Securities USA LLC boosted its stake in International Flavors & Fragrances by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 24,233 shares of the specialty chemicals company's stock valued at $2,049,000 after buying an additional 7,655 shares in the last quarter. Virtu Financial LLC acquired a new position in International Flavors & Fragrances during the fourth quarter worth $1,094,000. Finally, Teacher Retirement System of Texas bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $330,000. Institutional investors own 96.02% of the company's stock.

Insider Activity at International Flavors & Fragrances

In other news, Director Kevin O'byrne bought 6,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares of the company's stock, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

Several equities research analysts have recently weighed in on IFF shares. JPMorgan Chase & Co. lowered their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Oppenheimer cut their target price on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus decreased their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company decreased their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Finally, Bank of America cut their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and an average target price of $103.31.

International Flavors & Fragrances Trading Down 2.3 %

Shares of IFF traded down $1.77 on Friday, reaching $76.41. 930,285 shares of the company's stock were exchanged, compared to its average volume of 1,476,196. The business has a 50 day moving average price of $82.56 and a two-hundred day moving average price of $89.97. International Flavors & Fragrances Inc. has a 12 month low of $75.63 and a 12 month high of $106.77. The stock has a market capitalization of $19.54 billion, a P/E ratio of 81.28, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.67 billion. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. International Flavors & Fragrances's payout ratio is currently 170.21%.

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.