International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 43.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,940 shares of the specialty chemicals company's stock after buying an additional 4,556 shares during the period. Tower Research Capital LLC TRC's holdings in International Flavors & Fragrances were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IFF. UMB Bank n.a. increased its stake in International Flavors & Fragrances by 8.9% during the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock worth $123,000 after acquiring an additional 119 shares during the last quarter. Truist Financial Corp raised its holdings in shares of International Flavors & Fragrances by 0.7% in the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock valued at $1,683,000 after buying an additional 129 shares during the period. United Community Bank boosted its stake in shares of International Flavors & Fragrances by 19.4% in the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock valued at $78,000 after purchasing an additional 150 shares during the period. Commerce Bank raised its stake in shares of International Flavors & Fragrances by 3.8% in the fourth quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock valued at $350,000 after acquiring an additional 152 shares in the last quarter. Finally, Principal Securities Inc. raised its position in International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Cfra lowered shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective on the stock. in a report on Thursday, February 20th. Citigroup cut their price target on International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Oppenheimer decreased their target price on International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley dropped their price target on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.54.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne bought 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now owns 6,500 shares of the company's stock, valued at $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded down $0.37 during trading on Friday, reaching $76.27. The company had a trading volume of 1,348,646 shares, compared to its average volume of 1,537,553. The stock's fifty day moving average price is $77.14 and its 200 day moving average price is $85.45. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The firm has a market capitalization of $19.50 billion, a price-to-earnings ratio of 81.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.67 billion. As a group, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Friday, March 21st. International Flavors & Fragrances's dividend payout ratio is currently 170.21%.

International Flavors & Fragrances 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.