International Flavors & Fragrances Inc (IFF) Stake Lowered by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. reduced its holdings in International Flavors & Fragrances Inc (NYSE:IFF) by 10.7% during the 1st quarter, HoldingsChannel reports. The fund owned 4,167 shares of the specialty chemicals company’s stock after selling 500 shares during the quarter. Bahl & Gaynor Inc.’s holdings in International Flavors & Fragrances were worth $571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in IFF. Bank of Montreal Can boosted its holdings in shares of International Flavors & Fragrances by 22.2% in the 4th quarter. Bank of Montreal Can now owns 37,611 shares of the specialty chemicals company’s stock worth $5,739,000 after acquiring an additional 6,830 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of International Flavors & Fragrances by 3.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 383,283 shares of the specialty chemicals company’s stock worth $58,493,000 after acquiring an additional 11,034 shares in the last quarter. Strs Ohio boosted its holdings in shares of International Flavors & Fragrances by 27.2% in the 4th quarter. Strs Ohio now owns 10,385 shares of the specialty chemicals company’s stock worth $1,584,000 after acquiring an additional 2,222 shares in the last quarter. APG Asset Management N.V. boosted its holdings in shares of International Flavors & Fragrances by 3.0% in the 4th quarter. APG Asset Management N.V. now owns 132,117 shares of the specialty chemicals company’s stock worth $16,791,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $377,000. 82.43% of the stock is currently owned by institutional investors and hedge funds.

IFF has been the subject of several research analyst reports. Deutsche Bank dropped their price objective on shares of International Flavors & Fragrances from $135.00 to $124.00 and set a “hold” rating for the company in a research report on Tuesday, May 8th. Zacks Investment Research cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. ValuEngine cut shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. JPMorgan Chase & Co. cut shares of International Flavors & Fragrances from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $140.00 to $130.00 in a research report on Friday, March 16th. Finally, KeyCorp dropped their price objective on shares of International Flavors & Fragrances from $162.00 to $156.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. International Flavors & Fragrances has a consensus rating of “Hold” and a consensus price target of $147.56.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd bought 50,000 shares of the company’s stock in a transaction on Thursday, March 22nd. The stock was bought at an average price of $134.17 per share, for a total transaction of $6,708,500.00. Following the transaction, the insider now owns 10,470,193 shares of the company’s stock, valued at approximately $1,404,785,794.81. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Francisco Fortanet sold 800 shares of the company’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $142.28, for a total transaction of $113,824.00. Following the sale, the executive vice president now owns 17,582 shares of the company’s stock, valued at approximately $2,501,566.96. The disclosure for this sale can be found here. Insiders have acquired a total of 1,280,727 shares of company stock valued at $164,804,411 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

International Flavors & Fragrances opened at $122.13 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.75 and a quick ratio of 1.79. International Flavors & Fragrances Inc has a fifty-two week low of $122.11 and a fifty-two week high of $157.40. The company has a market capitalization of $9.80 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.21 and a beta of 1.12.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, May 7th. The specialty chemicals company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.59 by $0.10. The company had revenue of $930.93 million during the quarter, compared to analysts’ expectations of $911.57 million. International Flavors & Fragrances had a net margin of 8.83% and a return on equity of 27.89%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. sell-side analysts forecast that International Flavors & Fragrances Inc will post 6.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Monday, June 25th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Friday, June 22nd. International Flavors & Fragrances’s payout ratio is 46.86%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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