Westhampton Capital LLC Sells 700 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Westhampton Capital LLC decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 24.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,127 shares of the specialty chemicals company’s stock after selling 700 shares during the period. Westhampton Capital LLC’s holdings in International Flavors & Fragrances were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in International Flavors & Fragrances by 23.6% in the first quarter. BNP Paribas Financial Markets now owns 263,720 shares of the specialty chemicals company’s stock worth $22,677,000 after buying an additional 50,405 shares in the last quarter. Norden Group LLC increased its holdings in International Flavors & Fragrances by 313.1% in the 1st quarter. Norden Group LLC now owns 10,678 shares of the specialty chemicals company’s stock worth $919,000 after acquiring an additional 8,093 shares in the last quarter. Sei Investments Co. raised its stake in International Flavors & Fragrances by 55.4% during the 1st quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock worth $8,686,000 after acquiring an additional 36,026 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in International Flavors & Fragrances by 8.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,879 shares of the specialty chemicals company’s stock valued at $55,969,000 after purchasing an additional 49,614 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of International Flavors & Fragrances in the first quarter worth $1,115,000. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on IFF shares. JPMorgan Chase & Co. upped their target price on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Wells Fargo & Company upped their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their price target for the stock from $95.00 to $115.00 in a research note on Monday, July 22nd. Finally, Barclays raised their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.43.

International Flavors & Fragrances Stock Down 0.2 %

Shares of NYSE IFF opened at $103.87 on Wednesday. International Flavors & Fragrances Inc. has a 1 year low of $63.21 and a 1 year high of $106.77. The firm has a 50-day simple moving average of $102.48 and a two-hundred day simple moving average of $96.86. The company has a market cap of $26.52 billion, a P/E ratio of -10.63, a PEG ratio of 1.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the business earned $0.86 EPS. International Flavors & Fragrances’s revenue was down 1.4% compared to the same quarter last year. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Friday, September 20th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.54%. International Flavors & Fragrances’s payout ratio is -16.38%.

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.