11,512 Shares in International Flavors & Fragrances Inc. $IFF Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd made an investment of approximately $894,000 in International Flavors & Fragrances Inc., acquiring 11,512 shares in the first quarter.
• Multiple hedge funds, including Dodge & Cox and Vanguard Group Inc., have also increased their stakes in the company, with a high percentage of the stock (96.02%) owned by institutional investors.
• International Flavors & Fragrances declared a quarterly dividend of $0.40 per share, with the annualized yield estimated at 2.4%, despite a negative net margin of 3.48% for the latest quarter.

Dynamic Technology Lab Private Ltd bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,512 shares of the specialty chemicals company's stock, valued at approximately $894,000.

Other large investors have also made changes to their positions in the company. Dodge & Cox increased its position in shares of International Flavors & Fragrances by 7.4% during the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company's stock worth $2,621,247,000 after purchasing an additional 2,336,844 shares in the last quarter. Vanguard Group Inc. increased its position in shares of International Flavors & Fragrances by 0.6% during the first quarter. Vanguard Group Inc. now owns 30,390,040 shares of the specialty chemicals company's stock worth $2,358,571,000 after purchasing an additional 171,281 shares in the last quarter. First Pacific Advisors LP increased its position in shares of International Flavors & Fragrances by 0.8% during the first quarter. First Pacific Advisors LP now owns 4,062,075 shares of the specialty chemicals company's stock worth $315,258,000 after purchasing an additional 32,302 shares in the last quarter. Invesco Ltd. increased its position in shares of International Flavors & Fragrances by 15.3% during the first quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company's stock worth $232,243,000 after purchasing an additional 397,327 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of International Flavors & Fragrances by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company's stock worth $122,447,000 after purchasing an additional 32,005 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald purchased 15,300 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of $64.95 per share, with a total value of $993,735.00. Following the purchase, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. This trade represents a 24.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg purchased 15,450 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the purchase, the director owned 15,450 shares in the company, valued at approximately $1,001,160. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

IFF has been the subject of several research reports. Tigress Financial reiterated a "buy" rating and set a $105.00 price target on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. Barclays dropped their price target on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Wells Fargo & Company dropped their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. UBS Group dropped their price target on International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, Oppenheimer cut International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Twelve research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus price target of $92.36.

International Flavors & Fragrances Trading Down 1.0%

NYSE:IFF traded down $0.67 during trading hours on Friday, hitting $65.68. The company had a trading volume of 1,921,160 shares, compared to its average volume of 1,745,143. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $69.71 and a 200 day moving average of $74.06. The company has a market cap of $16.83 billion, a P/E ratio of -42.37, a P/E/G ratio of 2.84 and a beta of 1.07. International Flavors & Fragrances Inc. has a 1 year low of $62.33 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.69 billion. During the same period in the prior year, the business earned $1.16 EPS. The firm's quarterly revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio is -103.23%.

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.