Sumitomo Mitsui Trust Group Inc. Sells 19,678 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Sumitomo Mitsui Trust Group Inc. lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 595,328 shares of the specialty chemicals company’s stock after selling 19,678 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of International Flavors & Fragrances worth $50,335,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC lifted its position in shares of International Flavors & Fragrances by 9.3% in the 4th quarter. Bleakley Financial Group LLC now owns 9,112 shares of the specialty chemicals company’s stock worth $770,000 after acquiring an additional 778 shares during the period. Choreo LLC raised its stake in shares of International Flavors & Fragrances by 55.7% in the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock valued at $2,055,000 after purchasing an additional 8,728 shares in the last quarter. Tectonic Advisors LLC lifted its position in International Flavors & Fragrances by 15.0% in the fourth quarter. Tectonic Advisors LLC now owns 13,360 shares of the specialty chemicals company’s stock worth $1,130,000 after purchasing an additional 1,744 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in International Flavors & Fragrances by 30.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,141 shares of the specialty chemicals company’s stock valued at $2,377,000 after buying an additional 6,561 shares during the period. Finally, E. Ohman J or Asset Management AB raised its stake in shares of International Flavors & Fragrances by 18.9% in the 4th quarter. E. Ohman J or Asset Management AB now owns 11,934 shares of the specialty chemicals company’s stock valued at $1,009,000 after buying an additional 1,900 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on IFF shares. Citigroup lowered their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Thursday, November 7th. Barclays cut their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus cut their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.77.

International Flavors & Fragrances Trading Down 0.1 %

Shares of NYSE IFF opened at $84.20 on Tuesday. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-year 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 company has a 50-day moving average of $85.57 and a two-hundred day moving average of $94.28. The company has a market cap of $21.53 billion, a PE ratio of -9.26, a P/E/G ratio of 1.54 and a beta of 1.19.

International Flavors & Fragrances 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.