Eubel Brady & Suttman Asset Management Inc. Reduces Stock Holdings in International Flavors & Fragrances Inc. $IFF

Eubel Brady & Suttman Asset Management Inc. reduced its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 7.3% during the fourth quarter, Holdings Channel reports. The firm owned 421,850 shares of the specialty chemicals company’s stock after selling 33,427 shares during the period. International Flavors & Fragrances makes up 3.2% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 10th largest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in International Flavors & Fragrances were worth $28,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in shares of International Flavors & Fragrances by 55.7% during 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 in the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of International Flavors & Fragrances by 884.1% during 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of International Flavors & Fragrances by 42.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 239 shares in the last quarter. Cromwell Holdings LLC lifted its position in shares of International Flavors & Fragrances by 69.6% during the fourth quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock valued at $61,000 after purchasing an additional 367 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of International Flavors & Fragrances by 1,190.0% during the third quarter. AlphaQuest LLC now owns 903 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 833 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Price Performance

IFF opened at $73.09 on Friday. The company has a market capitalization of $18.66 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.62 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $72.39 and a 200-day moving average price of $70.85. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.17. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. Equities analysts expect that International Flavors & Fragrances Inc. will post 4.53 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, June 18th will be paid a $0.40 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.93%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 142,000 shares of International Flavors & Fragrances stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $70.13 per share, for a total transaction 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 approximately $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IFF. Jefferies Financial Group raised their price target on shares of International Flavors & Fragrances from $97.00 to $105.00 in a research report on Thursday, May 7th. Oppenheimer lifted their price objective on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Citigroup lifted their price objective on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Rothschild & Co Redburn lowered their price objective on shares of International Flavors & Fragrances from $74.00 to $71.00 in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.80.

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.