Wetherby Asset Management Inc. purchased a new position in International Flavors & Fragrances Inc (NYSE:IFF) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,289 shares of the specialty chemicals company’s stock, valued at approximately $1,153,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. lifted its holdings in International Flavors & Fragrances by 5.9% in the 2nd quarter. BlackRock Inc. now owns 5,646,920 shares of the specialty chemicals company’s stock worth $699,992,000 after purchasing an additional 315,418 shares in the last quarter. Swedbank lifted its holdings in International Flavors & Fragrances by 14.2% in the 3rd quarter. Swedbank now owns 1,135,671 shares of the specialty chemicals company’s stock worth $157,995,000 after purchasing an additional 141,179 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in International Flavors & Fragrances by 25.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 738,282 shares of the specialty chemicals company’s stock worth $91,517,000 after purchasing an additional 151,477 shares in the last quarter. Congress Asset Management Co. MA lifted its holdings in International Flavors & Fragrances by 1.3% in the 3rd quarter. Congress Asset Management Co. MA now owns 597,298 shares of the specialty chemicals company’s stock worth $83,096,000 after purchasing an additional 7,590 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in International Flavors & Fragrances by 5.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 423,260 shares of the specialty chemicals company’s stock worth $52,468,000 after purchasing an additional 20,082 shares in the last quarter. 63.49% of the stock is currently owned by institutional investors.

In other news, EVP Francisco Fortanet sold 1,389 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $140.00, for a total transaction of $194,460.00. Following the sale, the executive vice president now directly owns 16,193 shares of the company’s stock, valued at approximately $2,267,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Winder Investment Pte Ltd purchased 64,500 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The shares were bought at an average price of $139.05 per share, for a total transaction of $8,968,725.00. Following the acquisition, the insider now directly owns 18,080,291 shares in the company, valued at approximately $2,514,064,463.55. The disclosure for this purchase can be found here. Insiders have bought a total of 357,000 shares of company stock worth $49,370,717 over the last ninety days. Insiders own 0.50% of the company’s stock.

Several analysts have recently issued reports on the company. ValuEngine raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Zacks Investment Research cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Deutsche Bank raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price objective for the stock from $126.00 to $154.00 in a report on Tuesday, October 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $139.00 price objective (up from $135.00) on shares of International Flavors & Fragrances in a report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $145.43.

Shares of IFF opened at $143.21 on Tuesday. The company has a market cap of $15.55 billion, a PE ratio of 24.31, a PEG ratio of 2.60 and a beta of 0.88. International Flavors & Fragrances Inc has a 1 year low of $122.11 and a 1 year high of $157.40. The company has a debt-to-equity ratio of 1.07, a quick ratio of 8.21 and a current ratio of 9.16.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.54. The business had revenue of $907.50 million for the quarter, compared to analysts’ expectations of $886.15 million. International Flavors & Fragrances had a return on equity of 21.76% and a net margin of 7.86%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 EPS. As a group, equities analysts forecast that International Flavors & Fragrances Inc will post 6.22 EPS for the current fiscal year.

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About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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