International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. reduced its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 12.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 109,392 shares of the specialty chemicals company's stock after selling 16,228 shares during the period. International Flavors & Fragrances accounts for approximately 1.0% of Folger Nolan Fleming Douglas Capital Management Inc.'s portfolio, making the stock its 28th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in International Flavors & Fragrances were worth $8,490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IFF. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $32,000. Fairway Wealth LLC bought a new stake in International Flavors & Fragrances in the 4th quarter worth approximately $34,000. Rialto Wealth Management LLC purchased a new stake in International Flavors & Fragrances during the 4th quarter valued at $42,000. Principal Securities Inc. raised its holdings in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after buying an additional 171 shares during the period. Finally, United Community Bank increased its position in shares of International Flavors & Fragrances by 19.4% during the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock worth $78,000 after acquiring an additional 150 shares during the period. 96.02% of the stock is owned by institutional investors.

Insider Activity

In other International Flavors & Fragrances news, Director Mehmood Khan acquired 4,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average price of $75.33 per share, with a total value of $301,320.00. Following the completion of the acquisition, the director now owns 4,604 shares in the company, valued at $346,819.32. This represents a 662.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald bought 700 shares of the stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the acquisition, the chief executive officer now directly owns 37,770 shares of the company's stock, valued at approximately $2,794,980. This represents a 1.89% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 22,050 shares of company stock worth $1,688,512 over the last quarter. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Up 0.8%

International Flavors & Fragrances stock traded up $0.60 during midday trading on Monday, reaching $76.69. The stock had a trading volume of 924,204 shares, compared to its average volume of 1,519,211. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The firm's fifty day simple moving average is $75.68 and its 200-day simple moving average is $80.55. The stock has a market capitalization of $19.62 billion, a P/E ratio of 81.59, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the company posted $1.13 earnings per share. The business's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is -48.93%.

Analyst Ratings Changes

IFF has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price target on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus dropped their price target on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Tigress Financial initiated coverage on International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a "buy" rating and a $105.00 target price on the stock. Oppenheimer lowered their price target on International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $93.43.

International Flavors & Fragrances 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.