Empowered Funds LLC Purchases 251 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Empowered Funds LLC raised its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,130 shares of the specialty chemicals company’s stock after buying an additional 251 shares during the period. Empowered Funds LLC’s holdings in International Flavors & Fragrances were worth $433,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Empirical Finance LLC grew its holdings in shares of International Flavors & Fragrances by 3.2% in the third quarter. Empirical Finance LLC now owns 7,679 shares of the specialty chemicals company’s stock valued at $806,000 after acquiring an additional 238 shares in the last quarter. CIBC Asset Management Inc grew its stake in International Flavors & Fragrances by 8.3% in the 3rd quarter. CIBC Asset Management Inc now owns 37,233 shares of the specialty chemicals company’s stock valued at $3,907,000 after purchasing an additional 2,855 shares during the period. ING Groep NV purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at $13,304,000. KBC Group NV raised its stake in shares of International Flavors & Fragrances by 4.0% during the 3rd quarter. KBC Group NV now owns 21,484 shares of the specialty chemicals company’s stock worth $2,254,000 after purchasing an additional 834 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of International Flavors & Fragrances by 3.1% in the 3rd quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock worth $430,000 after buying an additional 124 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Transactions at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Up 1.1 %

IFF opened at $90.81 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The firm has a market capitalization of $23.22 billion, a P/E ratio of -9.99, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The company has a fifty day moving average price of $99.33 and a 200-day moving average price of $98.37.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates 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%. International Flavors & Fragrances’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently declared 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 is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.76%. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

Wall Street Analyst Weigh In

Several analysts have commented on IFF shares. Wells Fargo & Company lifted their price objective on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Oppenheimer lifted their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Barclays increased their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Finally, Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $109.27.

About International Flavors & Fragrances

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.