Twin Capital Management Inc. Invests $574,000 in International Flavors & Fragrances Inc. (NYSE:IFF)

Twin Capital Management Inc. bought a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,785 shares of the specialty chemicals company's stock, valued at approximately $574,000.

A number of other hedge funds also recently made changes to their positions in the company. Centiva Capital LP purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $348,000. Kovitz Investment Group Partners LLC increased its holdings in shares of International Flavors & Fragrances by 59.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 12,093 shares of the specialty chemicals company's stock worth $1,269,000 after buying an additional 4,519 shares during the last quarter. National Bank of Canada FI raised its position in shares of International Flavors & Fragrances by 62.8% during the 3rd quarter. National Bank of Canada FI now owns 156,318 shares of the specialty chemicals company's stock valued at $16,402,000 after buying an additional 60,288 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at about $2,990,000. Finally, Nomura Asset Management Co. Ltd. grew its position in International Flavors & Fragrances by 6.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 76,872 shares of the specialty chemicals company's stock worth $8,066,000 after acquiring an additional 4,642 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O'byrne bought 6,500 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the transaction, the director now owns 6,500 shares of the company's stock, valued at $522,860. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Bank of America cut their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Morgan Stanley cut their price objective on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday. Oppenheimer lowered their target price on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Argus upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Finally, Citigroup decreased their price objective on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $98.69.

International Flavors & Fragrances Trading Up 2.6 %

IFF traded up $1.86 during trading on Friday, hitting $73.24. 2,125,058 shares of the stock were exchanged, compared to its average volume of 1,515,438. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The firm has a 50 day simple moving average of $79.41 and a 200 day simple moving average of $87.33. The firm has a market cap of $18.73 billion, a price-to-earnings ratio of 77.92, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed 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 was Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. International Flavors & Fragrances's dividend payout ratio is presently 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.