HighTower Advisors LLC Has $1.32 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

HighTower Advisors LLC raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 37.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,658 shares of the specialty chemicals company's stock after buying an additional 4,243 shares during the quarter. HighTower Advisors LLC's holdings in International Flavors & Fragrances were worth $1,324,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA lifted its holdings in International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company's stock worth $9,654,000 after buying an additional 11,406 shares in the last quarter. Choreo LLC boosted its position in shares of International Flavors & Fragrances by 55.7% during the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company's stock worth $2,055,000 after buying an additional 8,728 shares during the period. Covea Finance raised its stake in International Flavors & Fragrances by 79.0% during the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company's stock valued at $10,407,000 after acquiring an additional 54,340 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter worth about $7,508,000. Finally, S.E.E.D. Planning Group LLC grew its position in International Flavors & Fragrances by 372.9% in the 4th quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company's stock valued at $5,335,000 after buying an additional 49,761 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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International Flavors & Fragrances Trading Down 1.9 %

Shares of NYSE:IFF traded down $1.49 during mid-day trading on Friday, hitting $76.69. The stock had a trading volume of 280,405 shares, compared to its average volume of 1,508,606. International Flavors & Fragrances Inc. has a 12-month low of $75.63 and a 12-month high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The company has a market cap of $19.61 billion, a PE ratio of 81.59, a P/E/G ratio of 1.45 and a beta of 1.21. The company's 50 day moving average is $82.73 and its 200-day moving average is $90.16.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its 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 the consensus estimate of $2.67 billion. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a $0.40 dividend. 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 170.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on IFF shares. Stifel Nicolaus decreased their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target for the company. in a research note on Thursday, February 20th. Barclays dropped their price objective on International Flavors & Fragrances from $83.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Thursday. Citigroup decreased their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company dropped their price target on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $103.31.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Kevin O'byrne acquired 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company's stock, valued at approximately $522,860. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

About International Flavors & Fragrances

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.