International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 862,095 shares of the specialty chemicals company's stock after selling 51,213 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.34% of International Flavors & Fragrances worth $72,890,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. TD Asset Management Inc raised its position in shares of International Flavors & Fragrances by 4.0% in the second quarter. TD Asset Management Inc now owns 95,920 shares of the specialty chemicals company's stock valued at $9,133,000 after buying an additional 3,657 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of International Flavors & Fragrances by 13.9% during the 2nd quarter. Victory Capital Management Inc. now owns 82,109 shares of the specialty chemicals company's stock worth $7,818,000 after purchasing an additional 9,997 shares during the period. Private Advisor Group LLC boosted its holdings in shares of International Flavors & Fragrances by 10.8% during the second quarter. Private Advisor Group LLC now owns 20,902 shares of the specialty chemicals company's stock worth $1,990,000 after purchasing an additional 2,042 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of International Flavors & Fragrances in the second quarter valued at $675,000. Finally, Ballentine Partners LLC increased its stake in International Flavors & Fragrances by 22.7% in the second quarter. Ballentine Partners LLC now owns 5,835 shares of the specialty chemicals company's stock valued at $556,000 after purchasing an additional 1,080 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Stock Down 0.6 %

IFF traded down $0.51 during trading on Wednesday, hitting $82.05. The company had a trading volume of 1,518,531 shares, compared to its average volume of 1,598,826. 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. The company has a market cap of $20.98 billion, a PE ratio of -9.03, a P/E/G ratio of 1.54 and a beta of 1.18. The business has a 50-day moving average of $88.47 and a 200-day moving average of $96.12.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business posted $0.89 EPS. The business's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.95%. International Flavors & Fragrances's payout ratio is -17.60%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday. Barclays boosted their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an "equal weight" rating in a report on Friday, October 11th. Stifel Nicolaus increased their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Finally, Bank of America raised International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 target price on the stock in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and a consensus price target of $110.21.

Insiders Place Their Bets

In other news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. This represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

About International Flavors & Fragrances

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.