WASHINGTON TRUST Co Invests $4.59 Million in International Flavors & Fragrances Inc. (NYSE:IFF)

WASHINGTON TRUST Co acquired a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 54,324 shares of the specialty chemicals company’s stock, valued at approximately $4,593,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of IFF. Northwest Investment Counselors LLC purchased a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at about $27,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the third quarter valued at approximately $42,000. Oakworth Capital Inc. purchased a new position in International Flavors & Fragrances in the third quarter worth approximately $44,000. Eastern Bank acquired a new position in International Flavors & Fragrances during the 3rd quarter worth approximately $46,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at $48,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $85.60 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The company has a 50-day moving average price of $85.25 and a 200 day moving average price of $93.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

Analysts Set New Price Targets

Several research firms recently commented on IFF. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Stifel Nicolaus dropped their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Friday, November 8th. Vertical Research upgraded shares of 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. Finally, Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.77.

About International Flavors & Fragrances

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.