E. Ohman J or Asset Management AB Buys 1,900 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

E. Ohman J or Asset Management AB lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 18.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,934 shares of the specialty chemicals company’s stock after acquiring an additional 1,900 shares during the period. E. Ohman J or Asset Management AB’s holdings in International Flavors & Fragrances were worth $1,009,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $27,000. Point72 Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $42,000. Oakworth Capital Inc. bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $44,000. Eastern Bank bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $46,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth about $48,000. 96.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Oppenheimer dropped their target price on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Stifel Nicolaus lowered their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Finally, Bank of America raised 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.77.

Insider Buying and Selling

In other news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $86.12 on Thursday. The company has a market capitalization of $22.02 billion, a PE ratio of -9.47, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The firm’s 50 day moving average is $85.96 and its 200-day moving average is $94.59. 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 (NYSE:IFF) last issued its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm 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%. International Flavors & Fragrances’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

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.