Deutsche Bank upgraded shares of International Flavors & Fragrances (NYSE:IFF) from a hold rating to a buy rating in a research note released on Tuesday, MarketBeat.com reports. Deutsche Bank currently has $154.00 price target on the specialty chemicals company’s stock, up from their prior price target of $126.00.

IFF has been the subject of a number of other reports. Zacks Investment Research upgraded International Flavors & Fragrances from a hold rating to a buy rating and set a $153.00 price target for the company in a research note on Friday, September 28th. ValuEngine upgraded International Flavors & Fragrances from a sell rating to a hold rating in a research note on Thursday, September 13th. Finally, Stifel Nicolaus reiterated a hold rating and issued a $139.00 price target (up from $135.00) on shares of International Flavors & Fragrances in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $149.33.

International Flavors & Fragrances stock opened at $137.53 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.90 and a quick ratio of 1.90. International Flavors & Fragrances has a one year low of $122.11 and a one year high of $157.40. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. The company had revenue of $920.02 million during the quarter, compared to analysts’ expectations of $899.62 million. During the same period last year, the business posted $1.50 earnings per share. As a group, equities analysts predict that International Flavors & Fragrances will post 6.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Monday, September 24th were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 2.12%. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, September 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 49.58%.

In other news, EVP Francisco Fortanet sold 1,389 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $140.00, for a total value of $194,460.00. Following the completion of the transaction, the executive vice president now directly owns 16,193 shares in the company, valued at $2,267,020. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Winder Investment Pte Ltd acquired 104,808 shares of International Flavors & Fragrances stock in a transaction dated Monday, July 23rd. The stock was purchased at an average price of $127.58 per share, with a total value of $13,371,404.64. Following the completion of the purchase, the insider now owns 14,600,000 shares of the company’s stock, valued at $1,862,668,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 851,800 shares of company stock valued at $112,381,923. Company insiders own 0.50% of the company’s stock.

Several large investors have recently made changes to their positions in IFF. Winder Investment Pte Ltd raised its stake in shares of International Flavors & Fragrances by 32.4% in the second quarter. Winder Investment Pte Ltd now owns 14,000,000 shares of the specialty chemicals company’s stock worth $1,735,440,000 after purchasing an additional 3,425,403 shares during the last quarter. BlackRock Inc. raised its stake in shares of International Flavors & Fragrances by 5.9% in the second quarter. BlackRock Inc. now owns 5,646,920 shares of the specialty chemicals company’s stock worth $699,992,000 after purchasing an additional 315,418 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp purchased a new position in shares of International Flavors & Fragrances in the second quarter worth about $33,886,000. Swedbank raised its stake in shares of International Flavors & Fragrances by 35.5% in the second quarter. Swedbank now owns 994,492 shares of the specialty chemicals company’s stock worth $123,277,000 after purchasing an additional 260,542 shares during the last quarter. Finally, Rovida Advisors Inc. purchased a new position in shares of International Flavors & Fragrances in the second quarter worth about $29,124,000. Hedge funds and other institutional investors own 73.59% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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