Copeland Capital Management LLC Reduces Position in Inter Parfums, Inc. (NASDAQ:IPAR)

Copeland Capital Management LLC lessened its holdings in shares of Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,716 shares of the company's stock after selling 16,827 shares during the period. Inter Parfums accounts for approximately 1.8% of Copeland Capital Management LLC's investment portfolio, making the stock its 5th biggest position. Copeland Capital Management LLC owned about 1.90% of Inter Parfums worth $87,373,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in Inter Parfums during the 4th quarter valued at about $27,000. Point72 Middle East FZE purchased a new stake in shares of Inter Parfums in the 4th quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Inter Parfums in the 3rd quarter valued at approximately $55,000. Ronald Blue Trust Inc. grew its stake in shares of Inter Parfums by 112.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 432 shares of the company's stock valued at $58,000 after buying an additional 229 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in shares of Inter Parfums by 71.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 542 shares of the company's stock valued at $73,000 after buying an additional 226 shares during the period. Hedge funds and other institutional investors own 55.57% of the company's stock.

Insider Transactions at Inter Parfums

In other news, Director Gilbert Harrison sold 250 shares of Inter Parfums stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $150.42, for a total transaction of $37,605.00. Following the completion of the sale, the director now directly owns 1,000 shares in the company, valued at $150,420. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Philippe Santi sold 1,000 shares of the company's stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $137.11, for a total transaction of $137,110.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gilbert Harrison sold 250 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $150.42, for a total transaction of $37,605.00. Following the transaction, the director now directly owns 1,000 shares of the company's stock, valued at approximately $150,420. The disclosure for this sale can be found here. Insiders sold a total of 3,250 shares of company stock worth $445,835 over the last ninety days. 43.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Piper Sandler increased their price target on shares of Inter Parfums from $175.00 to $176.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th.

Inter Parfums Trading Up 0.9 %

Shares of IPAR stock traded up $1.29 during trading hours on Friday, hitting $140.51. The company had a trading volume of 81,865 shares, compared to its average volume of 169,753. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.44. The company's fifty day moving average is $142.90 and its 200 day moving average is $136.31. The stock has a market capitalization of $4.50 billion, a PE ratio of 29.58 and a beta of 1.14. Inter Parfums, Inc. has a fifty-two week low of $120.71 and a fifty-two week high of $161.17.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). The company had revenue of $328.74 million during the quarter, compared to analysts' expectations of $329.00 million. Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. Research analysts expect that Inter Parfums, Inc. will post 5.16 earnings per share for the current fiscal year.

Inter Parfums Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Inter Parfums's previous quarterly dividend of $0.63. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.14%. Inter Parfums's payout ratio is 63.16%.

About Inter Parfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.