Fort Washington Investment Advisors Inc. OH Decreases Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Fort Washington Investment Advisors Inc. OH trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,354,701 shares of the specialty chemicals company’s stock after selling 99,919 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.53% of International Flavors & Fragrances worth $128,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Signaturefd LLC grew its position in shares of International Flavors & Fragrances by 5.6% during the 2nd quarter. Signaturefd LLC now owns 4,443 shares of the specialty chemicals company’s stock worth $423,000 after buying an additional 234 shares in the last quarter. Principal Financial Group Inc. increased its stake in International Flavors & Fragrances by 34.2% during the 2nd quarter. Principal Financial Group Inc. now owns 461,121 shares of the specialty chemicals company’s stock valued at $43,903,000 after purchasing an additional 117,552 shares in the last quarter. Scott & Selber Inc. raised its stake in International Flavors & Fragrances by 1.7% in the 2nd quarter. Scott & Selber Inc. now owns 13,087 shares of the specialty chemicals company’s stock worth $1,246,000 after acquiring an additional 215 shares during the last quarter. Great Diamond Partners LLC purchased a new position in shares of International Flavors & Fragrances in the second quarter worth about $235,000. Finally, UMB Bank n.a. boosted its holdings in International Flavors & Fragrances by 19.5% in the second quarter. UMB Bank n.a. now owns 1,294 shares of the specialty chemicals company’s stock valued at $123,000 after purchasing an additional 211 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total transaction of $247,568.08. Following the completion of the sale, the insider now directly owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Up 1.1 %

Shares of International Flavors & Fragrances stock traded up $1.10 during trading hours on Friday, hitting $104.03. The company had a trading volume of 1,639,013 shares, compared to its average volume of 1,783,067. International Flavors & Fragrances Inc. has a twelve month low of $62.28 and a twelve month high of $104.17. The company has a market cap of $26.56 billion, a P/E ratio of -10.65, a price-to-earnings-growth ratio of 1.95 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. The company’s 50-day moving average is $97.61 and its two-hundred day moving average is $90.99.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. Analysts anticipate that International Flavors & Fragrances Inc. will post 3.98 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.54%. International Flavors & Fragrances’s payout ratio is -16.38%.

Wall Street Analyst Weigh In

IFF has been the topic of several recent analyst reports. Oppenheimer began coverage on shares of International Flavors & Fragrances in a report on Friday, June 7th. They set an “outperform” rating and a $116.00 price objective on the stock. Morgan Stanley lifted their target price on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday, July 3rd. Mizuho lifted their target price on International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Bank of America upped their target price on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. Finally, UBS Group reduced their price objective on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Hold” and a consensus price target of $101.80.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.