Cutler Investment Counsel LLC Invests $200,000 in International Flavors & Fragrances Inc. (NYSE:IFF)

Cutler Investment Counsel LLC bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,900 shares of the specialty chemicals company’s stock, valued at approximately $200,000.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of International Flavors & Fragrances by 29.0% in the first quarter. Empowered Funds LLC now owns 3,453 shares of the specialty chemicals company’s stock valued at $297,000 after buying an additional 776 shares during the last quarter. Sei Investments Co. lifted its holdings in International Flavors & Fragrances by 55.4% during the 1st quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock worth $8,686,000 after purchasing an additional 36,026 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in International Flavors & Fragrances by 16.0% in the 1st quarter. First Eagle Investment Management LLC now owns 3,619 shares of the specialty chemicals company’s stock valued at $311,000 after purchasing an additional 500 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new position in International Flavors & Fragrances in the 1st quarter valued at $239,000. Finally, Intech Investment Management LLC lifted its holdings in shares of International Flavors & Fragrances by 24.2% during the first quarter. Intech Investment Management LLC now owns 11,434 shares of the specialty chemicals company’s stock worth $983,000 after buying an additional 2,228 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on IFF shares. UBS Group lifted their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Thursday, November 7th. Barclays raised their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $111.00 to $110.00 in a research report on Tuesday. Finally, Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.27.

International Flavors & Fragrances Trading Down 3.6 %

Shares of IFF stock traded down $3.23 during trading hours on Friday, hitting $86.14. 2,602,202 shares of the company’s stock traded hands, compared to its average volume of 1,678,544. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 12 month low of $72.89 and a 12 month high of $106.77. The stock has a market cap of $22.02 billion, a PE ratio of -9.48, a price-to-earnings-growth ratio of 1.58 and a beta of 1.22. The stock’s 50 day simple moving average is $100.76 and its 200 day simple moving average is $98.24.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.17 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.60%.

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.