InTrack Investment Management Inc Sells 6,194 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

InTrack Investment Management Inc trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 26.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 16,945 shares of the specialty chemicals company's stock after selling 6,194 shares during the period. International Flavors & Fragrances comprises 1.2% of InTrack Investment Management Inc's investment portfolio, making the stock its 29th biggest position. InTrack Investment Management Inc's holdings in International Flavors & Fragrances were worth $1,315,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in International Flavors & Fragrances in the fourth quarter valued at about $32,000. Fairway Wealth LLC purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at approximately $34,000. Rialto Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at approximately $42,000. Principal Securities Inc. lifted its stake in shares of International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after buying an additional 171 shares in the last quarter. Finally, United Community Bank lifted its stake in shares of International Flavors & Fragrances by 19.4% during the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock valued at $78,000 after buying an additional 150 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Down 3.0%

NYSE IFF traded down $2.32 during trading hours on Friday, reaching $76.05. 1,058,307 shares of the company's stock traded hands, compared to its average volume of 1,521,536. International Flavors & Fragrances Inc. has a 52-week low of $65.85 and a 52-week high of $106.77. The firm has a market cap of $19.45 billion, a PE ratio of 80.90, a PEG ratio of 1.45 and a beta of 1.05. The firm has a 50-day simple moving average of $75.68 and a 200 day simple moving average of $80.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. International Flavors & Fragrances's revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $1.13 EPS. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. International Flavors & Fragrances's dividend payout ratio is presently -48.93%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IFF. Tigress Financial initiated coverage on shares of International Flavors & Fragrances in a research note on Wednesday, June 4th. They set a "buy" rating and a $105.00 price target on the stock. Morgan Stanley decreased their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Bank of America reduced their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. UBS Group increased their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Cfra lowered shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target on the stock. in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $93.43.

Insider Transactions at International Flavors & Fragrances

In other news, CAO Beril Yildiz sold 2,400 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $77.33, for a total value of $185,592.00. Following the completion of the sale, the chief accounting officer now directly owns 3,321 shares in the company, valued at $256,812.93. The trade was a 41.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin O'byrne purchased 4,500 shares of International Flavors & Fragrances stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $76.05 per share, with a total value of $342,225.00. Following the completion of the purchase, the director now directly owns 7,696 shares of the company's stock, valued at approximately $585,280.80. This trade represents a 140.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 22,050 shares of company stock worth $1,688,512 over the last three months. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Company 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.