FineMark National Bank & Trust Sells 136 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

FineMark National Bank & Trust lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,560 shares of the specialty chemicals company’s stock after selling 136 shares during the period. FineMark National Bank & Trust’s holdings in International Flavors & Fragrances were worth $386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances during the 4th quarter valued at $32,000. Fairway Wealth LLC purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter worth about $34,000. Point72 Hong Kong Ltd bought a new stake in shares of International Flavors & Fragrances in the third quarter worth about $42,000. Rialto Wealth Management LLC purchased a new position in International Flavors & Fragrances during the 4th quarter valued at about $42,000. Finally, Principal Securities Inc. raised its position in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $77.56 on Thursday. The company has a market capitalization of $19.83 billion, a PE ratio of 82.51, a PEG ratio of 1.45 and a beta of 1.21. The business has a fifty day moving average price of $82.85 and a 200-day moving average price of $90.25. International Flavors & Fragrances Inc. has a 1-year low of $75.63 and a 1-year high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93.

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

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Insider Activity

In other International Flavors & Fragrances news, Director Kevin O’byrne bought 6,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the transaction, the director now owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus decreased their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Barclays decreased their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus price target of $103.77.

International Flavors & Fragrances Company 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.