International Flavors & Fragrances Inc. $IFF Shares Acquired by WASHINGTON TRUST Co

WASHINGTON TRUST Co raised its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,150 shares of the specialty chemicals company’s stock after acquiring an additional 3,098 shares during the quarter. WASHINGTON TRUST Co’s holdings in International Flavors & Fragrances were worth $6,042,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IFF. Police & Firemen s Retirement System of New Jersey lifted its stake in International Flavors & Fragrances by 4.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 38,724 shares of the specialty chemicals company’s stock valued at $2,848,000 after acquiring an additional 1,608 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of International Flavors & Fragrances by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock worth $473,036,000 after acquiring an additional 123,520 shares in the last quarter. KBC Group NV lifted its holdings in International Flavors & Fragrances by 5.8% during the 2nd quarter. KBC Group NV now owns 28,082 shares of the specialty chemicals company’s stock worth $2,065,000 after buying an additional 1,536 shares in the last quarter. National Pension Service boosted its stake in shares of International Flavors & Fragrances by 0.6% in the 2nd quarter. National Pension Service now owns 445,594 shares of the specialty chemicals company’s stock valued at $32,773,000 after purchasing an additional 2,772 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. boosted its stake in International Flavors & Fragrances by 0.4% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 284,423 shares of the specialty chemicals company’s stock worth $20,919,000 after acquiring an additional 1,170 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

IFF traded up $0.95 during trading on Thursday, hitting $66.36. 200,212 shares of the company traded hands, compared to its average volume of 1,926,200. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $91.65. The stock’s fifty day moving average is $63.19 and its 200 day moving average is $69.91. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The firm has a market cap of $16.99 billion, a P/E ratio of -42.73, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the firm earned $1.04 EPS. The company’s revenue was down 7.9% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be given a $0.40 dividend. The ex-dividend date is Friday, December 19th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. International Flavors & Fragrances’s payout ratio is -98.77%.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of research analyst reports. Berenberg Bank dropped their price objective on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a report on Monday, September 29th. BNP Paribas dropped their target price on shares of International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Citigroup lowered their price target on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Morgan Stanley reduced their target price on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, September 22nd. Finally, Barclays raised their price objective on International Flavors & Fragrances from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.02.

About International Flavors & Fragrances

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.