International Flavors & Fragrances Inc. (NYSE:IFF)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $135.55 and last traded at $134.81, with a volume of 84,014 shares trading hands. The stock had previously closed at $135.25.

Several brokerages recently issued reports on IFF. Deutsche Bank AG reiterated a “hold” rating and set a $130.00 price target (up previously from $124.00) on shares of International Flavors & Fragrances in a research report on Sunday. Zacks Investment Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research note on Friday, July 22nd. Berenberg Bank initiated coverage on shares of International Flavors & Fragrances in a research note on Wednesday, July 20th. They set a “buy” rating and a $163.40 price objective on the stock. Finally, BNP Paribas boosted their price objective on shares of International Flavors & Fragrances to $150.00 in a research note on Friday, April 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. International Flavors & Fragrances currently has a consensus rating of “Buy” and a consensus target price of $134.43.

The company has a market capitalization of $10.60 billion and a PE ratio of 26.29. The firm’s 50-day moving average is $128.68 and its 200-day moving average is $119.65.

International Flavors & Fragrances (NYSE:IFF) last posted 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 company earned $783.30 million during the quarter, compared to analyst estimates of $770.21 million. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 EPS. Equities analysts anticipate that International Flavors & Fragrances Inc. will post $5.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Monday, June 27th were given a $0.56 dividend. The ex-dividend date of this dividend was Thursday, June 23rd. This represents a $2.24 dividend on an annualized basis and a yield of 1.68%.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 3,880 shares of the company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $132.11, for a total value of $512,586.80. Following the transaction, the insider now owns 63,897 shares of the company’s stock, valued at $8,441,432.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A number of hedge funds and institutional investors recently bought and sold shares of IFF. Sei Investments Co. boosted its position in International Flavors & Fragrances by 28.0% in the fourth quarter. Sei Investments Co. now owns 8,506 shares of the company’s stock worth $1,018,000 after buying an additional 1,859 shares during the last quarter. Advisors Asset Management Inc. boosted its position in International Flavors & Fragrances by 1.7% in the fourth quarter. Advisors Asset Management Inc. now owns 9,647 shares of the company’s stock worth $1,154,000 after buying an additional 162 shares during the last quarter. Baker Chad R bought a new position in International Flavors & Fragrances during the fourth quarter worth approximately $1,196,000. GSA Capital Partners LLP boosted its position in International Flavors & Fragrances by 280.9% in the fourth quarter. GSA Capital Partners LLP now owns 10,674 shares of the company’s stock worth $1,277,000 after buying an additional 7,872 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in International Flavors & Fragrances by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 10,714 shares of the company’s stock worth $1,282,000 after buying an additional 583 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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