Handelsbanken Fonder AB Has $10.30 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Handelsbanken Fonder AB lifted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 105.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,187 shares of the specialty chemicals company’s stock after buying an additional 65,187 shares during the period. Handelsbanken Fonder AB’s holdings in International Flavors & Fragrances were worth $10,298,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Blue Bell Private Wealth Management LLC boosted its position in International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 300 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in International Flavors & Fragrances in the 4th quarter valued at $41,000. Parkside Financial Bank & Trust boosted its position in International Flavors & Fragrances by 241.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock valued at $51,000 after buying an additional 526 shares during the last quarter. Janiczek Wealth Management LLC boosted its position in International Flavors & Fragrances by 466.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company’s stock valued at $74,000 after buying an additional 756 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in International Flavors & Fragrances in the 3rd quarter valued at $103,000. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and raised their price target for the stock from $81.00 to $100.00 in a research report on Wednesday, April 10th. UBS Group raised their price target on International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Jefferies Financial Group upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price target for the stock from $73.00 to $112.00 in a research report on Friday, January 12th. StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Finally, Robert W. Baird raised their price objective on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.35.

International Flavors & Fragrances Trading Down 0.3 %

International Flavors & Fragrances stock opened at $85.14 on Thursday. International Flavors & Fragrances Inc. has a 52 week low of $62.11 and a 52 week high of $97.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The stock has a market capitalization of $21.74 billion, a P/E ratio of -8.48, a PEG ratio of 1.91 and a beta of 1.23. The stock has a 50-day simple moving average of $81.92 and a 200 day simple moving average of $77.89.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Analysts expect that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current year.

International Flavors & Fragrances Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio is presently -15.94%.

International Flavors & Fragrances Company 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.