Clifford Swan Investment Counsel LLC Sells 9,309 Shares of International Flavors & Fragrances Inc. $IFF

Clifford Swan Investment Counsel LLC cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 130,109 shares of the specialty chemicals company’s stock after selling 9,309 shares during the quarter. Clifford Swan Investment Counsel LLC owned about 0.05% of International Flavors & Fragrances worth $9,439,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Lloyd Advisory Services LLC. acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $27,000. Root Financial Partners LLC grew its stake in shares of International Flavors & Fragrances by 97.9% during the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 274 shares during the period. Geneos Wealth Management Inc. increased its holdings in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in International Flavors & Fragrances by 884.1% in the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 610 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in International Flavors & Fragrances by 42.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 0.9%

NYSE:IFF opened at $78.29 on Friday. 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 business’s 50-day simple moving average is $76.62 and its 200-day simple moving average is $74.32. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The stock has a market capitalization of $19.99 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 1.80 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the company posted $1.20 EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, June 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.0%. International Flavors & Fragrances’s dividend payout ratio is currently 48.93%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Berenberg Bank increased their price target on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the company a “hold” rating in a research report on Thursday, May 7th. Barclays lifted their price objective on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Oppenheimer upped their target price on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group increased their target price on shares of International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average target price of $91.16.

Insider Buying and Selling

In related news, Director Paul J. Fribourg bought 260,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the purchase, the director owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.07% of the company’s stock.

International Flavors & Fragrances Company 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.