Fort Washington Investment Advisors Inc. OH Increases Stock Holdings in International Flavors & Fragrances Inc. $IFF

Fort Washington Investment Advisors Inc. OH lifted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,427,599 shares of the specialty chemicals company’s stock after purchasing an additional 37,749 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in International Flavors & Fragrances were worth $103,572,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Lloyd Advisory Services LLC. purchased a new stake in International Flavors & Fragrances during the 4th quarter valued at about $27,000. Geneos Wealth Management Inc. boosted its position in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 610 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in International Flavors & Fragrances by 42.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 239 shares during the period. Finally, Cromwell Holdings LLC raised its position in International Flavors & Fragrances by 69.6% during the 4th quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock worth $61,000 after buying an additional 367 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $76.26 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87. The company has a 50 day moving average price of $74.96 and a 200-day moving average price of $72.89. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $84.45. The firm has a market cap of $19.47 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.94.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $1.20 EPS. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.56 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, June 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 48.93%.

Insider Buying and Selling

In related news, Director Paul J. Fribourg bought 260,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the completion of the transaction, the director directly owned 2,682,730 shares in the company, valued at $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings raised shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. BNP Paribas Exane boosted their target price on shares of International Flavors & Fragrances from $85.00 to $95.00 in a research report on Thursday, May 7th. Jefferies Financial Group upped their price target on shares of International Flavors & Fragrances from $97.00 to $105.00 in a 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 on the stock. Finally, Rothschild & Co Redburn decreased their price objective on International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.58.

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.