104,604 Shares in International Flavors & Fragrances Inc. $IFF Purchased by Clearline Capital LP

Clearline Capital LP bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 104,604 shares of the specialty chemicals company’s stock, valued at approximately $6,437,000.

Several other institutional investors have also modified their holdings of IFF. Rafferty Asset Management LLC increased its stake in International Flavors & Fragrances by 0.7% in the 3rd quarter. Rafferty Asset Management LLC now owns 21,837 shares of the specialty chemicals company’s stock valued at $1,344,000 after purchasing an additional 158 shares in the last quarter. Clearstead Advisors LLC boosted its position in International Flavors & Fragrances by 6.1% during the third quarter. Clearstead Advisors LLC now owns 3,021 shares of the specialty chemicals company’s stock worth $186,000 after purchasing an additional 173 shares in the last quarter. Parr Mcknight Wealth Management Group LLC grew its holdings in International Flavors & Fragrances by 0.9% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 23,129 shares of the specialty chemicals company’s stock valued at $1,423,000 after purchasing an additional 199 shares during the last quarter. Central Pacific Bank Trust Division increased its position in shares of International Flavors & Fragrances by 1.9% in the third quarter. Central Pacific Bank Trust Division now owns 10,900 shares of the specialty chemicals company’s stock valued at $671,000 after buying an additional 200 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of International Flavors & Fragrances by 2.3% in the third quarter. Truist Financial Corp now owns 9,090 shares of the specialty chemicals company’s stock valued at $559,000 after buying an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 0.6%

Shares of International Flavors & Fragrances stock opened at $69.58 on Friday. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The business’s fifty day moving average is $74.52 and its two-hundred day moving average is $68.18. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. The firm has a market cap of $17.78 billion, a PE ratio of -50.79, a P/E/G ratio of 1.82 and a beta of 0.99.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. International Flavors & Fragrances’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -116.79%.

Analysts Set New Price Targets

IFF has been the topic of several recent research reports. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Oppenheimer upgraded shares of International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 target price for the company in a research report on Friday, February 13th. Berenberg Bank reduced their price target on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a report on Thursday, February 5th. Rothschild & Co Redburn increased their price target on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Finally, Wells Fargo & Company lifted their price objective on International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.09.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.