International Flavors & Fragrances Inc. $IFF Shares Sold by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 8.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,126 shares of the specialty chemicals company’s stock after selling 16,587 shares during the quarter. Clifford Swan Investment Counsel LLC owned about 0.07% of International Flavors & Fragrances worth $13,469,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IFF. Banque Transatlantique SA purchased a new stake in International Flavors & Fragrances in the 1st quarter valued at about $32,000. American National Bank & Trust increased its position in shares of International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 479 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of International Flavors & Fragrances during the first quarter worth $42,000. Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 210 shares in the last quarter. Finally, Eastern Bank increased its holdings in International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 193 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $64.81 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The stock has a market cap of $16.61 billion, a P/E ratio of -41.81, a P/E/G ratio of 2.62 and a beta of 1.07. The stock has a 50 day moving average of $64.00 and a two-hundred day moving average of $70.86. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $104.69.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.11 by $0.04. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. International Flavors & Fragrances’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, September 29th. International Flavors & Fragrances’s payout ratio is -103.23%.

Analyst Ratings Changes

Several analysts recently weighed in on IFF shares. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Wells Fargo & Company reduced their price objective on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Berenberg Bank lowered their target price on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating for the company in a research note on Monday, September 29th. Oppenheimer cut International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. Finally, BNP Paribas Exane decreased their price target on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.07.

Insider Activity at International Flavors & Fragrances

In related news, Director Paul J. Fribourg purchased 15,450 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director directly owned 15,450 shares in the company, valued at $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO J Erik Fyrwald acquired 15,300 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was purchased at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the purchase, the chief executive officer directly owned 77,370 shares in the company, valued at $5,025,181.50. This trade represents a 24.65% increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.