InTrack Investment Management Inc Buys 11,459 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

InTrack Investment Management Inc raised its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 98.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,139 shares of the specialty chemicals company's stock after purchasing an additional 11,459 shares during the period. International Flavors & Fragrances accounts for approximately 1.3% of InTrack Investment Management Inc's portfolio, making the stock its 21st largest position. InTrack Investment Management Inc's holdings in International Flavors & Fragrances were worth $1,936,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in International Flavors & Fragrances by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company's stock valued at $64,533,000 after buying an additional 7,553 shares during the period. Kimelman & Baird LLC acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter valued at $868,000. GM Advisory Group LLC acquired a new stake in International Flavors & Fragrances in the second quarter worth $686,000. Appian Way Asset Management LP bought a new stake in International Flavors & Fragrances in the second quarter valued at $2,990,000. Finally, Soros Fund Management LLC acquired a new position in shares of International Flavors & Fragrances during the third quarter valued at about $2,369,000. 96.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on IFF shares. Barclays lowered their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating on the stock in a report on Friday. Bank of America raised shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price target on the stock in a research report on Friday, November 8th. Citigroup lowered their price objective 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. Vertical Research upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price target for the company in a report on Thursday, November 7th. Finally, Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and a consensus target price of $109.23.

International Flavors & Fragrances Stock Up 0.5 %

Shares of NYSE IFF traded up $0.43 during mid-day trading on Friday, reaching $84.87. 1,116,952 shares of the company were exchanged, compared to its average volume of 1,175,701. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The company's 50 day moving average price is $86.80 and its 200 day moving average price is $95.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

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

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.89%. International Flavors & Fragrances's dividend payout ratio is presently -17.60%.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the firm's 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 completion of the transaction, the insider now owns 3,238 shares of the company's stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company's stock.

International Flavors & Fragrances Profile

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.