Cutler Investment Counsel LLC Makes New Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Cutler Investment Counsel LLC acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,900 shares of the specialty chemicals company’s stock, valued at approximately $200,000.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in International Flavors & Fragrances during the third quarter worth $27,000. Family Firm Inc. bought a new position in International Flavors & Fragrances in the 2nd quarter valued at about $38,000. Oakworth Capital Inc. acquired a new position in International Flavors & Fragrances during the 3rd quarter valued at about $44,000. Eastern Bank bought a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $46,000. Finally, MCF Advisors LLC raised its stake in shares of International Flavors & Fragrances by 1,856.0% in the second quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 464 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

NYSE IFF traded down $3.23 during trading on Friday, hitting $86.14. 2,602,202 shares of the company’s stock traded hands, compared to its average volume of 1,678,544. The stock has a market capitalization of $22.02 billion, a price-to-earnings ratio of -9.48, a PEG ratio of 1.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The business has a 50 day moving average of $100.76 and a 200-day moving average of $98.24. International Flavors & Fragrances Inc. has a 12-month low of $72.89 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.89 earnings per share. As a group, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.17 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.86%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

IFF has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Thursday, November 7th. UBS Group increased their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $109.27.

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.