Invesco Ltd. Grows Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Invesco Ltd. boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,595,110 shares of the specialty chemicals company's stock after purchasing an additional 433,048 shares during the period. Invesco Ltd. owned about 1.01% of International Flavors & Fragrances worth $219,417,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances during the fourth quarter valued at approximately $32,000. Fairway Wealth LLC purchased a new position in shares of International Flavors & Fragrances during the 4th quarter worth $34,000. Rialto Wealth Management LLC bought a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at $42,000. Principal Securities Inc. increased its stake in shares of International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 171 shares in the last quarter. Finally, Sugar Maple Asset Management LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth $78,000. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IFF has been the subject of several recent research reports. 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. Barclays reduced their target price on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating for the company in a report on Monday. JPMorgan Chase & Co. lowered their price target 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. Argus raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Finally, Mizuho decreased their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $95.69.

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International Flavors & Fragrances Trading Down 1.3 %

Shares of NYSE:IFF traded down $0.95 during trading on Tuesday, reaching $72.54. The company's stock had a trading volume of 1,076,231 shares, compared to its average volume of 1,515,672. The firm's 50 day simple moving average is $79.16 and its two-hundred day simple moving average is $87.10. 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 Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. The stock has a market capitalization of $18.55 billion, a PE ratio of 77.16, 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 data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. On average, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 21st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.21%. International Flavors & Fragrances's dividend payout ratio is 170.21%.

Insider Buying and Selling

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

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.