Clifford Swan Investment Counsel LLC Decreases Stake in International Flavors & Fragrances Inc. $IFF

Clifford Swan Investment Counsel LLC lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 183,126 shares of the specialty chemicals company’s stock after selling 16,587 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in International Flavors & Fragrances were worth $13,469,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in International Flavors & Fragrances by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock worth $122,447,000 after buying an additional 32,005 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of International Flavors & Fragrances by 11.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock worth $6,525,000 after acquiring an additional 8,490 shares during the period. Dodge & Cox increased its stake in International Flavors & Fragrances by 7.4% in the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock valued at $2,621,247,000 after purchasing an additional 2,336,844 shares in the last quarter. Achmea Investment Management B.V. boosted its position in International Flavors & Fragrances by 126.1% during the first quarter. Achmea Investment Management B.V. now owns 29,344 shares of the specialty chemicals company’s stock worth $2,277,000 after purchasing an additional 16,368 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA grew its holdings in International Flavors & Fragrances by 23.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 131,645 shares of the specialty chemicals company’s stock valued at $9,682,000 after purchasing an additional 24,607 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Flavors & Fragrances

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

Analysts Set New Price Targets

Several equities research analysts recently commented on IFF shares. BNP Paribas Exane decreased their price objective on shares of International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, September 11th. BNP Paribas cut their target price on shares of International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Mizuho lowered their price target on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Wolfe Research upgraded International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Finally, UBS Group cut their price target on International Flavors & Fragrances from $71.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.07.

International Flavors & Fragrances Price Performance

IFF stock opened at $64.81 on Thursday. The stock’s fifty day simple moving average is $64.00 and its 200-day simple moving average is $70.86. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $104.69. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of -41.81, a price-to-earnings-growth ratio of 2.62 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF) last posted 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 company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

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

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.