International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 40.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,861 shares of the specialty chemicals company's stock after acquiring an additional 21,594 shares during the quarter. Quantinno Capital Management LP's holdings in International Flavors & Fragrances were worth $7,855,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IFF. Albar Capital Ltd increased its stake in International Flavors & Fragrances by 73.5% in the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company's stock valued at $109,133,000 after purchasing an additional 485,433 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of International Flavors & Fragrances by 70.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company's stock worth $74,299,000 after buying an additional 293,760 shares during the last quarter. Smith Group Asset Management LLC purchased a new stake in International Flavors & Fragrances during the 3rd quarter valued at approximately $22,399,000. Point72 Europe London LLP lifted its position in International Flavors & Fragrances by 50.0% during the 2nd quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company's stock worth $59,736,000 after acquiring an additional 209,098 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of International Flavors & Fragrances by 85.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 364,577 shares of the specialty chemicals company's stock valued at $38,255,000 after purchasing an additional 167,698 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. 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 research note on Thursday, November 7th. Oppenheimer raised their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. Bank of America upgraded 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 note on Friday, November 8th. UBS Group raised their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Finally, Mizuho upgraded International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.00.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF traded down $0.08 during midday trading on Friday, hitting $88.92. 992,336 shares of the stock were exchanged, compared to its average volume of 1,665,650. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average price of $96.94 and a 200-day moving average price of $97.93. The stock has a market cap of $22.74 billion, a P/E ratio of -9.82, a PEG ratio of 1.59 and a beta of 1.17.

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

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.80%. International Flavors & Fragrances's dividend payout ratio (DPR) is -17.60%.

Insider Activity

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 shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% 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.