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

Sterling Capital Management LLC increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 53.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,541 shares of the specialty chemicals company's stock after purchasing an additional 5,423 shares during the quarter. Sterling Capital Management LLC's holdings in International Flavors & Fragrances were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in IFF. UMB Bank n.a. lifted its position 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 buying an additional 119 shares during the period. Truist Financial Corp grew its position in International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock valued at $1,683,000 after acquiring an additional 129 shares during the period. United Community Bank lifted its stake in shares of International Flavors & Fragrances by 19.4% in the 4th 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 in the last quarter. Principal Securities Inc. raised its holdings in International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after buying an additional 171 shares during the period. Finally, Greenwich Wealth Management LLC increased its position in shares of International Flavors & Fragrances by 1.1% in the fourth quarter. Greenwich Wealth Management LLC now owns 15,449 shares of the specialty chemicals company's stock worth $1,306,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Stock Up 3.2 %

NYSE IFF traded up $2.27 on Friday, hitting $73.33. 3,005,265 shares of the stock traded hands, compared to its average volume of 1,525,777. The company has a market capitalization of $18.75 billion, a P/E ratio of 78.01, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The stock has a 50-day moving average of $78.42 and a 200 day moving average of $86.68. 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 twelve month low of $65.85 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. The firm 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%. As a group, analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 21st were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. International Flavors & Fragrances's payout ratio is currently 170.21%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IFF. Mizuho lowered their price target on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a report on Tuesday. Bank of America dropped their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Oppenheimer lowered their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Citigroup reduced their target price on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley lowered their price target on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and an average price target of $95.69.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne purchased 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

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.