WASHINGTON TRUST Co Invests $4.59 Million in International Flavors & Fragrances Inc. (NYSE:IFF)

WASHINGTON TRUST Co purchased a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 54,324 shares of the specialty chemicals company's stock, valued at approximately $4,593,000.

A number of other hedge funds have also bought and sold shares of IFF. CWM LLC increased its position in shares of International Flavors & Fragrances by 1.7% during the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company's stock valued at $686,000 after purchasing an additional 109 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in International Flavors & Fragrances by 1,109.4% during the third quarter. Exchange Traded Concepts LLC now owns 774 shares of the specialty chemicals company's stock worth $81,000 after buying an additional 710 shares during the last quarter. NBC Securities Inc. raised its position in International Flavors & Fragrances by 10.3% in the third quarter. NBC Securities Inc. now owns 1,444 shares of the specialty chemicals company's stock worth $151,000 after acquiring an additional 135 shares during the period. Bar Harbor Wealth Management boosted its stake in International Flavors & Fragrances by 11.2% in the third quarter. Bar Harbor Wealth Management now owns 21,306 shares of the specialty chemicals company's stock valued at $2,236,000 after acquiring an additional 2,154 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of International Flavors & Fragrances by 2.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,461 shares of the specialty chemicals company's stock valued at $2,986,000 after acquiring an additional 616 shares during the period. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Price Performance

NYSE IFF traded down $4.46 during trading on Wednesday, reaching $81.99. The company's stock had a trading volume of 3,609,113 shares, compared to its average volume of 1,464,113. The stock has a market capitalization of $20.96 billion, a PE ratio of -9.02, a P/E/G ratio of 1.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The firm has a fifty day moving average of $85.02 and a 200 day moving average of $93.64. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. Analysts expect that International Flavors & Fragrances Inc. will post 4.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IFF shares. Vertical Research upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price objective on the stock in a research note on Thursday, November 7th. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. UBS Group boosted their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Citigroup cut their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $107.77.

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.