International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 357,326 shares of the specialty chemicals company’s stock after acquiring an additional 45,222 shares during the period. International Flavors & Fragrances comprises 4.0% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 5th largest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in International Flavors & Fragrances were worth $30,212,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IFF. Crumly & Associates Inc. boosted its stake in International Flavors & Fragrances by 4.3% in the fourth quarter. Crumly & Associates Inc. now owns 4,590 shares of the specialty chemicals company’s stock valued at $388,000 after buying an additional 191 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $9,271,000. Venturi Wealth Management LLC grew its holdings in shares of International Flavors & Fragrances by 74.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,729 shares of the specialty chemicals company’s stock valued at $146,000 after purchasing an additional 740 shares during the last quarter. Truist Financial Corp increased its position in International Flavors & Fragrances by 0.7% during the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after purchasing an additional 129 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in International Flavors & Fragrances by 4.7% in the 4th quarter. CIBC Asset Management Inc now owns 38,968 shares of the specialty chemicals company’s stock valued at $3,295,000 after purchasing an additional 1,735 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup decreased 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. Stifel Nicolaus lowered their target price 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. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Thursday, November 7th. Bank of America reduced their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $79.92 on Friday. The company has a market capitalization of $20.43 billion, a PE ratio of 85.02, a P/E/G ratio of 1.48 and a beta of 1.19. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77. The firm has a fifty day simple moving average of $84.71 and a 200 day simple moving average of $93.45.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.35 EPS for the current year.

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.