WASHINGTON TRUST Co Acquires 3,098 Shares of International Flavors & Fragrances Inc. $IFF

WASHINGTON TRUST Co boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 82,150 shares of the specialty chemicals company’s stock after purchasing 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 reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Dodge & Cox increased its stake in shares of 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 worth $2,621,247,000 after purchasing an additional 2,336,844 shares in the last quarter. Vanguard Group Inc. increased its position in International Flavors & Fragrances by 0.6% in the first quarter. Vanguard Group Inc. now owns 30,390,040 shares of the specialty chemicals company’s stock worth $2,358,571,000 after purchasing an additional 171,281 shares during the last quarter. Geode Capital Management LLC increased its position in shares of International Flavors & Fragrances by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock valued at $473,036,000 after purchasing an additional 123,520 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of International Flavors & Fragrances by 122.1% during the second quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock valued at $400,192,000 after buying an additional 2,991,405 shares during the last quarter. Finally, First Pacific Advisors LP grew its stake in International Flavors & Fragrances by 1.2% in the 2nd quarter. First Pacific Advisors LP now owns 4,111,527 shares of the specialty chemicals company’s stock worth $302,403,000 after acquiring an additional 49,452 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Up 1.5%

International Flavors & Fragrances stock traded up $0.95 during trading on Thursday, reaching $66.36. 200,212 shares of the company’s stock were exchanged, compared to its average volume of 1,926,200. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $91.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The firm has a market cap of $16.99 billion, a price-to-earnings ratio of -42.73, a PEG ratio of 2.54 and a beta of 1.04. The company’s 50-day moving average is $63.19 and its two-hundred day moving average is $69.91.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data 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. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -98.77%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Oppenheimer downgraded International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. BNP Paribas lowered their target price on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Wolfe Research upgraded International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Argus dropped their target price on International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Finally, Barclays lifted their target price on International Flavors & Fragrances from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Twelve equities research 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.02.

International Flavors & Fragrances Company 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.