Douglas Lane & Associates LLC Decreases Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Douglas Lane & Associates LLC trimmed its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 799,685 shares of the specialty chemicals company's stock after selling 62,410 shares during the period. Douglas Lane & Associates LLC owned about 0.31% of International Flavors & Fragrances worth $62,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in IFF. Dodge & Cox increased its holdings in shares of International Flavors & Fragrances by 11.9% in the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock valued at $2,658,063,000 after acquiring an additional 3,355,381 shares during the period. Vanguard Group Inc. grew its stake in International Flavors & Fragrances by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company's stock valued at $2,554,996,000 after purchasing an additional 164,945 shares during the last quarter. Freemont Capital Pte Ltd bought a new position in International Flavors & Fragrances in the fourth quarter worth about $2,143,882,000. Geode Capital Management LLC raised its holdings in International Flavors & Fragrances by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company's stock worth $520,032,000 after purchasing an additional 157,948 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock valued at $478,912,000 after buying an additional 1,663,629 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Activity

In other news, EVP Stephen N. Landsman bought 12,000 shares of International Flavors & Fragrances stock in a transaction on Monday, May 19th. The stock was acquired at an average price of $77.28 per share, with a total value of $927,360.00. Following the completion of the acquisition, the executive vice president now directly owns 12,000 shares of the company's stock, valued at $927,360. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin O'byrne acquired 4,500 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of $76.05 per share, with a total value of $342,225.00. Following the acquisition, the director now owns 7,696 shares in the company, valued at $585,280.80. The trade was a 140.80% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 22,050 shares of company stock worth $1,688,512 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IFF has been the subject of several recent analyst reports. Cfra lowered shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective for the company. in a research note on Thursday, February 20th. Mizuho reduced their price target on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Robert W. Baird lowered their price objective on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Barclays upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $76.00 to $84.00 in a research note on Thursday, May 8th. Finally, UBS Group increased their price target on International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $93.43.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded down $0.78 during trading on Thursday, reaching $76.69. 474,295 shares of the company traded hands, compared to its average volume of 1,749,054. International Flavors & Fragrances Inc. has a 12-month low of $65.85 and a 12-month high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The stock has a market cap of $19.62 billion, a P/E ratio of 81.59, a PEG ratio of 1.45 and a beta of 1.05. The firm's fifty day simple moving average is $75.22 and its 200 day simple moving average is $81.26.

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

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's payout ratio is currently -48.93%.

International Flavors & Fragrances Profile

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.