Handelsbanken Fonder AB Sells 16,572 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Handelsbanken Fonder AB reduced its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 13.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 110,182 shares of the specialty chemicals company’s stock after selling 16,572 shares during the period. Handelsbanken Fonder AB’s holdings in International Flavors & Fragrances were worth $9,316,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IFF. Allspring Global Investments Holdings LLC grew its stake in shares of International Flavors & Fragrances by 196.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 37,910 shares of the specialty chemicals company’s stock worth $3,978,000 after acquiring an additional 25,107 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $226,000. Signaturefd LLC grew its stake in shares of International Flavors & Fragrances by 3.7% during the 3rd quarter. Signaturefd LLC now owns 4,608 shares of the specialty chemicals company’s stock worth $484,000 after acquiring an additional 165 shares in the last quarter. Eastern Bank bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $46,000. Finally, IFM Investors Pty Ltd grew its stake in shares of International Flavors & Fragrances by 4.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 54,931 shares of the specialty chemicals company’s stock worth $5,764,000 after acquiring an additional 2,458 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Trading Down 0.3 %

IFF stock opened at $79.92 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company has a fifty day moving average price of $84.71 and a two-hundred day moving average price of $93.43. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The stock has a market cap of $20.43 billion, a price-to-earnings ratio of 85.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IFF. JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stifel Nicolaus decreased their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Citigroup decreased their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.50.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.