Sterling Capital Management LLC decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Free Report) by 42.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,044 shares of the specialty chemicals company’s stock after selling 6,628 shares during the quarter. Sterling Capital Management LLC’s holdings in International Flavors & Fragrances were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the stock. HF Advisory Group LLC raised its stake in shares of International Flavors & Fragrances by 9.5% during the 1st quarter. HF Advisory Group LLC now owns 17,614 shares of the specialty chemicals company’s stock valued at $1,278,000 after purchasing an additional 1,522 shares during the period. Aaron Wealth Advisors LLC grew its holdings in International Flavors & Fragrances by 10.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 8,330 shares of the specialty chemicals company’s stock valued at $604,000 after buying an additional 817 shares in the last quarter. OLD National Bancorp IN bought a new stake in shares of International Flavors & Fragrances during the first quarter valued at about $223,000. Louisiana State Employees Retirement System purchased a new stake in shares of International Flavors & Fragrances in the first quarter worth about $950,000. Finally, OP Asset Management Ltd purchased a new stake in shares of International Flavors & Fragrances in the first quarter worth about $3,342,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.
International Flavors & Fragrances Stock Up 2.5%
IFF opened at $81.21 on Thursday. The business’s fifty day simple moving average is $75.25 and its 200 day simple moving average is $73.25. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The stock has a market cap of $20.73 billion, a PE ratio of 24.83, a P/E/G ratio of 1.84 and a beta of 0.93.
International Flavors & Fragrances Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.0%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 48.93%.
Insider Buying and Selling at International Flavors & Fragrances
In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 260,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was bought at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the purchase, the director owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.07% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Barclays boosted their price objective on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft cut their price target on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, June 1st. JPMorgan Chase & Co. upped their price target on shares of International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Benchmark began coverage on International Flavors & Fragrances in a research report on Tuesday, June 9th. They issued a “buy” rating and a $100.00 price objective on the stock. Finally, Argus lifted their price objective on International Flavors & Fragrances from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.16.
Get Our Latest Stock Report on International Flavors & Fragrances
About International Flavors & Fragrances
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.
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