Radnor Capital Management LLC Sells 753 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Radnor Capital Management LLC cut its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 17.3% during the fourth quarter, Holdings Channel reports. The fund owned 3,595 shares of the specialty chemicals company’s stock after selling 753 shares during the period. Radnor Capital Management LLC’s holdings in International Flavors & Fragrances were worth $304,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of IFF. Acadian Asset Management LLC bought a new stake in International Flavors & Fragrances during the 2nd quarter worth approximately $675,000. American Century Companies Inc. boosted its position in International Flavors & Fragrances by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 40,507 shares of the specialty chemicals company’s stock valued at $3,857,000 after buying an additional 5,008 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in International Flavors & Fragrances in the 2nd quarter valued at $204,000. Prime Capital Investment Advisors LLC boosted its position in International Flavors & Fragrances by 14.3% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 17,384 shares of the specialty chemicals company’s stock valued at $1,655,000 after buying an additional 2,174 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in International Flavors & Fragrances by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock valued at $167,244,000 after buying an additional 123,693 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IFF shares. JPMorgan Chase & Co. decreased their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Stifel Nicolaus increased their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Friday, November 8th. Citigroup decreased their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Finally, Barclays raised their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.08.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $84.20 on Thursday. The company has a market capitalization of $21.53 billion, a PE ratio of -9.26, a PEG ratio of 1.54 and a beta of 1.18. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $87.15 and its 200 day simple moving average is $95.74.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 EPS. On average, research analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is -17.60%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

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.