Clifford Swan Investment Counsel LLC Has $9.44 Million Stock Position in International Flavors & Fragrances Inc. $IFF

Clifford Swan Investment Counsel LLC reduced its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 6.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 130,109 shares of the specialty chemicals company’s stock after selling 9,309 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in International Flavors & Fragrances were worth $9,439,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in International Flavors & Fragrances by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after purchasing an additional 1,335 shares during the last quarter. Jones Financial Companies Lllp increased its stake in International Flavors & Fragrances by 15.7% in the 1st quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock valued at $309,000 after buying an additional 539 shares during the last quarter. Empowered Funds LLC increased its stake in International Flavors & Fragrances by 71.5% in the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock valued at $811,000 after buying an additional 4,358 shares during the last quarter. Focus Partners Wealth lifted its position in International Flavors & Fragrances by 25.5% during the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after buying an additional 1,530 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Benchmark initiated coverage on International Flavors & Fragrances in a research report on Tuesday, June 9th. They set a “buy” rating and a $100.00 price target for the company. Oppenheimer raised their price target on International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Morgan Stanley upped their price objective on International Flavors & Fragrances from $93.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Finally, Rothschild & Co Redburn cut their price objective on International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price of $91.16.

International Flavors & Fragrances Stock Performance

IFF opened at $78.29 on Friday. 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 12-month low of $59.14 and a 12-month high of $84.45. The business has a 50 day moving average of $76.62 and a 200-day moving average of $74.32. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.80 and a beta of 0.93.

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 analysts’ consensus estimates of $1.08 by $0.17. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the firm earned $1.20 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, June 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Thursday, June 18th. International Flavors & Fragrances’s payout ratio is currently 48.93%.

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 260,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were bought 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 directly owned 2,682,730 shares of the company’s stock, valued at $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.07% of the stock is 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.