Tower Research Capital LLC TRC Purchases 4,556 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Tower Research Capital LLC TRC raised its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 43.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,940 shares of the specialty chemicals company's stock after acquiring an additional 4,556 shares during the period. Tower Research Capital LLC TRC's holdings in International Flavors & Fragrances were worth $1,263,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in International Flavors & Fragrances in the third quarter worth about $406,000. Tidal Investments LLC lifted its stake in shares of International Flavors & Fragrances by 9.3% in the 3rd quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company's stock worth $924,000 after acquiring an additional 750 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of International Flavors & Fragrances by 2.1% in the third quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company's stock valued at $49,388,000 after acquiring an additional 9,555 shares in the last quarter. Versant Capital Management Inc raised its holdings in International Flavors & Fragrances by 46.8% during the fourth quarter. Versant Capital Management Inc now owns 1,041 shares of the specialty chemicals company's stock worth $88,000 after purchasing an additional 332 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in International Flavors & Fragrances by 8.2% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,600 shares of the specialty chemicals company's stock worth $896,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Buying and Selling

In related news, Director Kevin O'byrne acquired 6,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now owns 6,500 shares in the company, valued at $522,860. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Up 1.0 %

NYSE:IFF traded up $0.80 during trading hours on Tuesday, reaching $77.09. The company's stock had a trading volume of 204,461 shares, compared to its average volume of 1,530,270. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The business's 50-day moving average is $77.03 and its 200-day moving average is $85.15. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 81.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. 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 issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. The business had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 21st were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. International Flavors & Fragrances's payout ratio is 170.21%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus dropped their price objective on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. reduced their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Barclays reduced their target price on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target for the company. in a research report on Thursday, February 20th. Finally, Argus raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $94.54.

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.