Clifford Swan Investment Counsel LLC Trims Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Clifford Swan Investment Counsel LLC trimmed its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,710 shares of the specialty chemicals company’s stock after selling 17,161 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in International Flavors & Fragrances were worth $17,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of IFF. Alliance Wealth Advisors LLC UT increased its holdings in shares of International Flavors & Fragrances by 3.2% during the third quarter. Alliance Wealth Advisors LLC UT now owns 4,840 shares of the specialty chemicals company’s stock valued at $330,000 after acquiring an additional 148 shares in the last quarter. Federated Hermes Inc. grew its stake in International Flavors & Fragrances by 9.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 152 shares during the last quarter. IFG Advisory LLC raised its stake in shares of International Flavors & Fragrances by 4.0% in the fourth quarter. IFG Advisory LLC now owns 4,000 shares of the specialty chemicals company’s stock worth $324,000 after purchasing an additional 155 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of International Flavors & Fragrances by 21.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company’s stock worth $73,000 after purchasing an additional 157 shares during the period. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of International Flavors & Fragrances by 3.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,388 shares of the specialty chemicals company’s stock valued at $299,000 after purchasing an additional 161 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Price Performance

IFF stock traded down $0.17 during mid-day trading on Friday, reaching $86.64. The company’s stock had a trading volume of 1,501,753 shares, compared to its average volume of 1,358,243. The stock has a market cap of $22.12 billion, a PE ratio of -8.63, a P/E/G ratio of 1.94 and a beta of 1.21. The company’s 50 day moving average is $82.62 and its two-hundred day moving average is $78.86. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $97.49. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The firm’s revenue was down 5.0% on a year-over-year basis. Equities research analysts expect that International Flavors & Fragrances Inc. will post 3.68 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

Wall Street Analyst Weigh In

Several analysts recently commented on IFF shares. Stifel Nicolaus dropped their price target on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, February 21st. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Robert W. Baird boosted their price objective on International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, Barclays upgraded shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $86.35.

International Flavors & Fragrances 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.