Inspire Trust Co. N.A. Grows Stock Holdings in International Flavors & Fragrances Inc. $IFF

Inspire Trust Co. N.A. grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 60.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,000 shares of the specialty chemicals company’s stock after acquiring an additional 23,000 shares during the period. Inspire Trust Co. N.A.’s holdings in International Flavors & Fragrances were worth $3,754,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. True Wealth Design LLC raised its stake in shares of International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares during the period. Elkhorn Partners Limited Partnership boosted its stake in International Flavors & Fragrances by 200.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 400 shares during the period. Geneos Wealth Management Inc. grew its holdings in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of International Flavors & Fragrances during the second quarter valued at about $49,000. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of International Flavors & Fragrances by 884.1% in the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 610 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IFF shares. Barclays boosted their price objective on shares of International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. BNP Paribas Exane reduced their price target on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. UBS Group increased their price objective on International Flavors & Fragrances from $71.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Finally, Bank of America upped their target price on International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average price target of $91.17.

International Flavors & Fragrances Stock Down 0.3%

IFF opened at $81.37 on Friday. The business’s fifty day simple moving average is $71.47 and its 200 day simple moving average is $67.04. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. The stock has a market cap of $20.84 billion, a PE ratio of -59.39, a P/E/G ratio of 2.12 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.