KLCM Advisors Inc. Buys New Shares in International Flavors & Fragrances Inc. $IFF

KLCM Advisors Inc. bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the fourth quarter, HoldingsChannel reports. The fund bought 173,775 shares of the specialty chemicals company’s stock, valued at approximately $11,711,000. International Flavors & Fragrances comprises about 1.0% of KLCM Advisors Inc.’s portfolio, making the stock its 29th largest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Dodge & Cox increased its stake in International Flavors & Fragrances by 5.5% in the third quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock valued at $2,275,296,000 after acquiring an additional 1,925,251 shares during the last quarter. Vanguard Group Inc. increased its stake in International Flavors & Fragrances by 0.8% in the third quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock valued at $1,915,936,000 after acquiring an additional 252,983 shares during the last quarter. State Street Corp increased its stake in International Flavors & Fragrances by 0.8% in the third quarter. State Street Corp now owns 10,971,108 shares of the specialty chemicals company’s stock valued at $679,460,000 after acquiring an additional 86,134 shares during the last quarter. Invesco Ltd. increased its stake in International Flavors & Fragrances by 131.3% in the third quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after acquiring an additional 4,069,075 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of International Flavors & Fragrances by 27.3% during the third quarter. First Eagle Investment Management LLC now owns 6,927,070 shares of the specialty chemicals company’s stock valued at $426,292,000 after buying an additional 1,485,976 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 2.8%

NYSE IFF opened at $78.74 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87. The stock has a market capitalization of $20.10 billion, a PE ratio of 24.08, a PEG ratio of 1.88 and a beta of 0.93. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $84.45. The business’s 50-day moving average is $72.69 and its 200 day moving average is $70.59.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.17. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.International Flavors & Fragrances’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $1.20 earnings per share. Sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.48 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, June 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.0%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.93%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IFF shares. Citigroup raised their price objective on International Flavors & Fragrances from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Rothschild & Co Redburn reduced their price objective on International Flavors & Fragrances from $74.00 to $71.00 in a research note on Friday. Weiss Ratings raised International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $90.80.

Insider Activity

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 142,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the completion of the purchase, the director directly owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.07% of the stock is owned by insiders.

International Flavors & Fragrances Profile

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.