Fort Washington Investment Advisors Inc. OH Sells 16,499 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,349,719 shares of the specialty chemicals company's stock after selling 16,499 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.53% of International Flavors & Fragrances worth $104,752,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in International Flavors & Fragrances during the 4th quarter valued at $32,000. Fairway Wealth LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $34,000. Rialto Wealth Management LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $42,000. Principal Securities Inc. raised its stake in shares of International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after buying an additional 171 shares in the last quarter. Finally, United Community Bank raised its stake in shares of 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 buying an additional 150 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IFF shares. Tigress Financial initiated coverage on shares of International Flavors & Fragrances in a research note on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price objective for the company. Morgan Stanley lowered their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Barclays raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $76.00 to $84.00 in a report on Thursday, May 8th. Bank of America decreased their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, Citigroup increased their price objective on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of "Moderate Buy" and an average price target of $93.43.

Insider Buying and Selling

In other news, CEO J Erik Fyrwald purchased 700 shares of the business's stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $74.00 per share, for a total transaction of $51,800.00. Following the completion of the purchase, the chief executive officer now directly owns 37,770 shares in the company, valued at $2,794,980. The trade was a 1.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mehmood Khan acquired 4,000 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was bought at an average cost of $75.33 per share, for a total transaction of $301,320.00. Following the completion of the transaction, the director now directly owns 4,604 shares of the company's stock, valued at approximately $346,819.32. This trade represents a 662.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 22,050 shares of company stock worth $1,688,512. 0.20% of the stock is owned by insiders.

International Flavors & Fragrances Trading Down 3.0%

Shares of NYSE IFF traded down $2.32 during mid-day trading on Friday, hitting $76.05. The company's stock had a trading volume of 1,058,307 shares, compared to its average volume of 1,521,536. The stock has a market cap of $19.45 billion, a price-to-earnings ratio of 80.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The company's fifty day simple moving average is $75.68 and its 200-day simple moving average is $80.55.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm earned $1.13 EPS. The company's revenue for the quarter was down 1.9% on a year-over-year basis. On average, sell-side 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 announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's payout ratio is -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.