Barrow Hanley Mewhinney & Strauss LLC Trims Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,981 shares of the specialty chemicals company's stock after selling 4,341 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.06% of International Flavors & Fragrances worth $13,104,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. UMB Bank n.a. boosted its holdings in International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock worth $123,000 after acquiring an additional 119 shares during the last quarter. Truist Financial Corp lifted its holdings in International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock worth $1,683,000 after acquiring an additional 129 shares during the period. Wahed Invest LLC boosted its position in International Flavors & Fragrances by 2.1% in the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock worth $536,000 after purchasing an additional 130 shares during the last quarter. United Community Bank grew its stake in International Flavors & Fragrances by 19.4% in the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock valued at $78,000 after purchasing an additional 150 shares during the period. Finally, Commerce Bank increased its position in shares of International Flavors & Fragrances by 3.8% during the 4th quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock valued at $350,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IFF. Morgan Stanley reduced their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Mizuho decreased their price target on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Citigroup increased their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Oppenheimer cut their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, Robert W. Baird decreased their price objective on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.54.

Insiders Place Their Bets

In related news, Director Kevin O'byrne purchased 6,500 shares of International Flavors & Fragrances stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares of the company's stock, valued at $522,860. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO J Erik Fyrwald acquired 700 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $74.00 per share, for a total transaction of $51,800.00. Following the transaction, the chief executive officer now owns 37,770 shares of the company's stock, valued at $2,794,980. This trade represents a 1.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 28,550 shares of company stock valued at $2,211,372. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Up 0.7%

IFF traded up $0.56 during midday trading on Thursday, reaching $75.70. The company's stock had a trading volume of 320,447 shares, compared to its average volume of 1,520,773. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77. The stock's 50-day moving average is $75.31 and its 200-day moving average is $81.70. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 80.53, a PEG ratio of 1.45 and a beta of 1.08. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the company earned $1.13 EPS. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. International Flavors & Fragrances's dividend payout ratio is currently -48.93%.

About International Flavors & Fragrances

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.