Clifford Swan Investment Counsel LLC Sells 40,293 Shares of International Flavors & Fragrances Inc. $IFF

Clifford Swan Investment Counsel LLC trimmed its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 22.4% during the fourth quarter, Holdings Channel reports. The fund owned 139,418 shares of the specialty chemicals company’s stock after selling 40,293 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in International Flavors & Fragrances were worth $9,395,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IFF. Lloyd Advisory Services LLC. bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $27,000. Geneos Wealth Management Inc. raised its stake in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 610 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of International Flavors & Fragrances by 42.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 239 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in shares of International Flavors & Fragrances by 1,190.0% in the 3rd quarter. AlphaQuest LLC now owns 903 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 833 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Paul J. Fribourg purchased 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 completion of the transaction, the director owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 415,500 shares of company stock worth $30,276,875 over the last ninety days. Corporate insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Oppenheimer lifted their price target on International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Jefferies Financial Group boosted their price target on International Flavors & Fragrances from $97.00 to $105.00 in a research note on Thursday, May 7th. Barclays boosted their price target on International Flavors & Fragrances from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Weiss Ratings raised International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average price target of $90.49.

International Flavors & Fragrances Stock Down 0.4%

Shares of International Flavors & Fragrances stock opened at $73.26 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $84.45. The business has a 50-day moving average of $73.67 and a two-hundred day moving average of $71.98. The company has a market capitalization of $18.70 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate 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 company earned $1.20 earnings per share. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.57 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, June 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 annualized dividend and a yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio is 48.93%.

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.