BKM Wealth Management LLC Purchases 1,340 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

BKM Wealth Management LLC grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 50.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,003 shares of the specialty chemicals company’s stock after purchasing an additional 1,340 shares during the quarter. BKM Wealth Management LLC’s holdings in International Flavors & Fragrances were worth $344,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IFF. Norges Bank bought a new position in shares of International Flavors & Fragrances during the 4th quarter valued at about $79,812,000. Nomura Holdings Inc. boosted its holdings in International Flavors & Fragrances by 139.3% during the 4th quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock valued at $111,146,000 after acquiring an additional 798,946 shares during the period. Van ECK Associates Corp boosted its holdings in International Flavors & Fragrances by 12.9% during the 4th quarter. Van ECK Associates Corp now owns 4,434,301 shares of the specialty chemicals company’s stock valued at $359,045,000 after acquiring an additional 507,193 shares during the period. Clearfield Capital Management LP purchased a new stake in International Flavors & Fragrances during the 4th quarter valued at about $28,771,000. Finally, Eubel Brady & Suttman Asset Management Inc. purchased a new stake in International Flavors & Fragrances during the 3rd quarter valued at about $22,739,000. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. Argus cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Bank of America increased their price objective on International Flavors & Fragrances from $87.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $100.00 price objective on shares of International Flavors & Fragrances in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $95.61.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the completion of the sale, the insider now owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

International Flavors & Fragrances Stock Performance

IFF stock opened at $93.14 on Tuesday. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $99.91. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average of $94.21 and a 200 day moving average of $85.75.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. Analysts predict that International Flavors & Fragrances Inc. will post 3.97 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

International Flavors & Fragrances Company 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.