Clifford Swan Investment Counsel LLC Has $17.47 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Clifford Swan Investment Counsel LLC cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 7.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 215,710 shares of the specialty chemicals company's stock after selling 17,161 shares during the quarter. Clifford Swan Investment Counsel LLC owned about 0.08% of International Flavors & Fragrances worth $17,466,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Blue Bell Private Wealth Management LLC boosted its position in shares of International Flavors & Fragrances by 3,000.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company's stock worth $25,000 after buying an additional 300 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in International Flavors & Fragrances during the 4th quarter worth approximately $41,000. Parkside Financial Bank & Trust grew its stake in shares of International Flavors & Fragrances by 241.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company's stock worth $51,000 after acquiring an additional 526 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in shares of International Flavors & Fragrances by 466.7% in the fourth quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company's stock valued at $74,000 after purchasing an additional 756 shares during the last quarter. Finally, Roble Belko & Company Inc bought a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $89,000. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IFF. Deutsche Bank Aktiengesellschaft raised their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Argus lowered shares of International Flavors & Fragrances from a "buy" rating to a "hold" rating in a research report on Friday, March 8th. Mizuho lifted their price objective on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the company a "neutral" rating in a research report on Wednesday, March 20th. Wolfe Research started coverage on shares of International Flavors & Fragrances in a report on Friday, March 1st. They issued an "underperform" rating on the stock. Finally, StockNews.com upgraded International Flavors & Fragrances from a "sell" rating to a "hold" rating in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $86.35.

International Flavors & Fragrances Price Performance

IFF traded down $0.17 during trading on Friday, reaching $86.64. 1,501,753 shares of the company were exchanged, compared to its average volume of 1,358,243. International Flavors & Fragrances Inc. has a 12-month low of $62.11 and a 12-month high of $97.49. The company's 50-day moving average is $82.62 and its two-hundred day moving average is $78.86. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. The company has a market cap of $22.12 billion, a price-to-earnings ratio of -8.63, a P/E/G ratio of 1.94 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.03). The firm had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. Research analysts forecast that International Flavors & Fragrances Inc. will post 3.68 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.85%. International Flavors & Fragrances's dividend payout ratio is currently -15.94%.

About International Flavors & Fragrances

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.

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