Clarkston Capital Partners LLC Trims Stock Position in International Flavors & Fragrances Inc. $IFF

Clarkston Capital Partners LLC lessened its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 60.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 158,670 shares of the specialty chemicals company’s stock after selling 246,950 shares during the period. Clarkston Capital Partners LLC’s holdings in International Flavors & Fragrances were worth $11,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in International Flavors & Fragrances by 131.3% during the third quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after buying an additional 4,069,075 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of International Flavors & Fragrances during the 4th quarter worth $211,703,000. Ameriprise Financial Inc. grew its position in shares of International Flavors & Fragrances by 1,842.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock valued at $183,264,000 after acquiring an additional 2,363,307 shares during the period. First Eagle Investment Management LLC increased its stake in shares of International Flavors & Fragrances by 27.5% in the 4th quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock worth $595,166,000 after purchasing an additional 1,904,598 shares in the last quarter. Finally, Norges Bank bought a new position in International Flavors & Fragrances in the 4th quarter worth $113,284,000. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Trading Down 4.5%

Shares of International Flavors & Fragrances stock opened at $73.73 on Friday. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.93 and a beta of 0.93. The business has a 50-day moving average price of $76.49 and a 200-day moving average price of $74.61. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. 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 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. The company had revenue of $2.74 billion for 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%.The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share. Equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.55 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on IFF. Morgan Stanley boosted their price target on International Flavors & Fragrances from $93.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Berenberg Bank increased their target price on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a report on Thursday, May 7th. Barclays raised their target price 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 price target 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. Finally, Rothschild & Co Redburn reduced their price objective on shares of International Flavors & Fragrances from $74.00 to $71.00 in a research note on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average target price of $91.16.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 260,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the purchase, the director directly owned 2,682,730 shares in the company, valued at $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.07% of the stock is currently 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.