Traders purchased shares of International Flavors & Fragrances Inc (NYSE:IFF) on weakness during trading hours on Tuesday after an insider sold shares in the company. $63.66 million flowed into the stock on the tick-up and $27.11 million flowed out of the stock on the tick-down, for a money net flow of $36.55 million into the stock. Of all companies tracked, International Flavors & Fragrances had the 33rd highest net in-flow for the day. International Flavors & Fragrances traded down ($1.62) for the day and closed at $137.04Specifically, major shareholder Winder Investment Pte Ltd purchased 77,000 shares of International Flavors & Fragrances stock in a transaction on Monday, July 16th. The stock was purchased at an average price of $127.59 per share, with a total value of $9,824,430.00. Following the transaction, the insider now directly owns 14,177,000 shares in the company, valued at approximately $1,808,843,430. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Francisco Fortanet sold 1,389 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $140.00, for a total value of $194,460.00. Following the transaction, the executive vice president now directly owns 16,193 shares of the company’s stock, valued at approximately $2,267,020. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 1,065,400 shares of company stock valued at $139,766,425. Insiders own 0.50% of the company’s stock.

A number of research firms have weighed in on IFF. Stifel Nicolaus reaffirmed a “hold” rating and set a $139.00 price target (up previously from $135.00) on shares of International Flavors & Fragrances in a research report on Thursday, August 9th. Argus downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. ValuEngine raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $146.67.

The company has a market capitalization of $12.88 billion, a PE ratio of 23.27, a P/E/G ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.90 and a quick ratio of 1.90.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. The company had revenue of $920.02 million for the quarter, compared to analysts’ expectations of $899.62 million. During the same quarter in the prior year, the business posted $1.50 EPS. equities analysts expect that International Flavors & Fragrances Inc will post 6.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Monday, September 24th will be paid a dividend of $0.73 per share. The ex-dividend date is Friday, September 21st. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.69. International Flavors & Fragrances’s dividend payout ratio is currently 49.58%.

Several institutional investors have recently made changes to their positions in IFF. BlackRock Inc. raised its stake in shares of International Flavors & Fragrances by 0.8% during the 1st quarter. BlackRock Inc. now owns 5,331,502 shares of the specialty chemicals company’s stock worth $729,935,000 after purchasing an additional 41,796 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of International Flavors & Fragrances by 16.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 8,975 shares of the specialty chemicals company’s stock worth $1,229,000 after purchasing an additional 1,287 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of International Flavors & Fragrances by 21.0% during the 1st quarter. Toronto Dominion Bank now owns 46,877 shares of the specialty chemicals company’s stock worth $6,417,000 after purchasing an additional 8,121 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of International Flavors & Fragrances by 25.4% during the 1st quarter. Natixis Advisors L.P. now owns 25,915 shares of the specialty chemicals company’s stock worth $3,548,000 after purchasing an additional 5,245 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of International Flavors & Fragrances by 3.5% during the 1st quarter. New York State Common Retirement Fund now owns 293,299 shares of the specialty chemicals company’s stock worth $40,156,000 after purchasing an additional 9,903 shares in the last quarter. Institutional investors own 73.55% of the company’s stock.

About International Flavors & Fragrances (NYSE:IFF)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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