Shares of International Flavors & Fragrances Inc. (NYSE:IFF) hit a new 52-week high during trading on Tuesday . The stock traded as high as $131.30 and last traded at $131.06, with a volume of 142,171 shares changing hands. The stock had previously closed at $129.38.

A number of analysts recently issued reports on IFF shares. BNP Paribas raised their price objective on shares of International Flavors & Fragrances to $150.00 in a report on Friday, April 8th. KeyCorp raised their price objective on shares of International Flavors & Fragrances from $115.00 to $119.00 and gave the stock an “overweight” rating in a report on Monday, March 14th. Deutsche Bank AG raised their price objective on shares of International Flavors & Fragrances from $115.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday, May 11th. Finally, Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $128.29.

The firm has a market capitalization of $10.47 billion and a PE ratio of 25.97. The firm has a 50-day moving average of $127.21 and a 200-day moving average of $118.40.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, May 9th. The company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.07. The business had revenue of $783.30 million for the quarter, compared to the consensus estimate of $770.21 million. During the same quarter last year, the firm posted $1.45 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that International Flavors & Fragrances Inc. will post $5.50 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Monday, June 27th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Thursday, June 23rd.

In related news, insider Nicolas Mirzayantz sold 2,194 shares of the company’s stock in a transaction dated Friday, April 15th. The shares were sold at an average price of $119.31, for a total value of $261,766.14. Following the transaction, the insider now owns 65,015 shares in the company, valued at approximately $7,756,939.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of International Flavors & Fragrances by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 7,467,990 shares of the company’s stock worth $893,470,000 after buying an additional 143,116 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of International Flavors & Fragrances by 6.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 317,957 shares of the company’s stock worth $38,041,000 after buying an additional 20,000 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of International Flavors & Fragrances by 19.4% in the fourth quarter. Victory Capital Management Inc. now owns 261,952 shares of the company’s stock worth $31,340,000 after buying an additional 42,552 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of International Flavors & Fragrances by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 215,800 shares of the company’s stock worth $25,820,000 after buying an additional 11,573 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of International Flavors & Fragrances by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 187,100 shares of the company’s stock worth $22,385,000 after buying an additional 1,500 shares during the last quarter.

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

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