Raymond James Trust N.A. Has $506,000 Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Raymond James Trust N.A. lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 23.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,316 shares of the specialty chemicals company’s stock after selling 1,661 shares during the period. Raymond James Trust N.A.’s holdings in International Flavors & Fragrances were worth $506,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of IFF. Riverview Trust Co bought a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at about $27,000. Quent Capital LLC increased its position in International Flavors & Fragrances by 183.2% during the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares during the period. Family Firm Inc. bought a new position in International Flavors & Fragrances during the 2nd quarter worth approximately $38,000. Fidelis Capital Partners LLC acquired a new position in shares of International Flavors & Fragrances in the 1st quarter worth approximately $44,000. Finally, Larson Financial Group LLC boosted its stake in shares of International Flavors & Fragrances by 5,050.0% in the 1st quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 505 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 0.5 %

Shares of International Flavors & Fragrances stock opened at $100.63 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $97.10 and a 200 day simple moving average of $90.51. International Flavors & Fragrances Inc. has a 12-month low of $62.28 and a 12-month high of $101.89. The company has a market capitalization of $25.70 billion, a P/E ratio of -10.30, a price-to-earnings-growth ratio of 1.95 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 3.98 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be given a $0.40 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.60 annualized dividend and a yield of 1.59%. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Bank of America upped their price target on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. lifted their target price on International Flavors & Fragrances from $100.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. UBS Group dropped their price target on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price objective for the stock from $95.00 to $115.00 in a research report on Monday, July 22nd. Finally, Wells Fargo & Company boosted their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.80.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider Angela Strzelecki sold 2,588 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the transaction, the insider now directly owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

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.