Boston Common Asset Management LLC Lowers Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Boston Common Asset Management LLC decreased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 19.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,392 shares of the specialty chemicals company’s stock after selling 8,963 shares during the quarter. Boston Common Asset Management LLC’s holdings in International Flavors & Fragrances were worth $3,924,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nomura Holdings Inc. boosted its position in International Flavors & Fragrances by 139.3% during the fourth quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock worth $111,146,000 after purchasing an additional 798,946 shares in the last quarter. Ilex Capital Partners UK LLP boosted its position in International Flavors & Fragrances by 344.5% during the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after purchasing an additional 656,820 shares in the last quarter. Albar Capital Ltd boosted its position in International Flavors & Fragrances by 73.5% during the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after purchasing an additional 485,433 shares in the last quarter. Van ECK Associates Corp boosted its position in International Flavors & Fragrances by 7.8% during the first quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock worth $410,919,000 after purchasing an additional 344,377 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in International Flavors & Fragrances by 19.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,733,402 shares of the specialty chemicals company’s stock worth $140,355,000 after purchasing an additional 280,069 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

IFF stock opened at $102.69 on Friday. The business has a fifty day moving average of $101.33 and a two-hundred day moving average of $95.85. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The stock has a market cap of $26.25 billion, a price-to-earnings ratio of -11.14, a price-to-earnings-growth ratio of 1.82 and a beta of 1.22. International Flavors & Fragrances Inc. has a 52-week low of $63.21 and a 52-week high of $105.96.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. As a group, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.60 annualized dividend and a yield of 1.56%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.35%.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Citigroup raised their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Barclays raised their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday. Morgan Stanley raised their target price on International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 3rd. Finally, UBS Group decreased their target price on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Hold” and an average target price of $104.27.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.