Huntington National Bank maintained its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,763 shares of the specialty chemicals company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Internationa Flavors & Fragrances were worth $373,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IFF. Swiss National Bank increased its stake in shares of Internationa Flavors & Fragrances by 24.7% in the first quarter. Swiss National Bank now owns 310,864 shares of the specialty chemicals company’s stock valued at $41,199,000 after buying an additional 61,500 shares during the last quarter. BlackRock Inc. increased its stake in Internationa Flavors & Fragrances by 2,877.1% in the first quarter. BlackRock Inc. now owns 4,920,948 shares of the specialty chemicals company’s stock valued at $652,173,000 after buying an additional 4,755,656 shares in the last quarter. Sawtooth Solutions LLC acquired a new stake in Internationa Flavors & Fragrances during the first quarter valued at about $238,000. Chevy Chase Trust Holdings Inc. increased its stake in Internationa Flavors & Fragrances by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,134 shares of the specialty chemicals company’s stock valued at $9,030,000 after buying an additional 1,767 shares in the last quarter. Finally, Barings LLC acquired a new stake in Internationa Flavors & Fragrances during the first quarter valued at about $1,058,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

Internationa Flavors & Fragrances, Inc. (IFF) opened at 134.80 on Monday. Internationa Flavors & Fragrances, Inc. has a 52-week low of $113.16 and a 52-week high of $143.64. The company’s 50-day moving average price is $134.28 and its 200-day moving average price is $130.75. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 26.81 and a beta of 1.11.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, May 8th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.01. Internationa Flavors & Fragrances had a return on equity of 26.75% and a net margin of 12.72%. The business had revenue of $828.30 million for the quarter, compared to analyst estimates of $833.73 million. During the same period last year, the company earned $1.45 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. Analysts predict that Internationa Flavors & Fragrances, Inc. will post $5.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, September 22nd. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. This represents a $2.76 annualized dividend and a yield of 2.05%. Internationa Flavors & Fragrances’s payout ratio is currently 50.89%.

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Several research firms have issued reports on IFF. Zacks Investment Research upgraded Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Stifel Nicolaus restated a “hold” rating and set a $136.00 price objective on shares of Internationa Flavors & Fragrances in a report on Friday, July 21st. BidaskClub downgraded Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC restated a “sell” rating on shares of Internationa Flavors & Fragrances in a report on Friday, May 12th. Finally, Deutsche Bank AG lifted their price objective on Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $139.22.

In other Internationa Flavors & Fragrances news, EVP Francisco Fortanet sold 300 shares of Internationa Flavors & Fragrances stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $134.36, for a total transaction of $40,308.00. Following the transaction, the executive vice president now directly owns 19,994 shares in the company, valued at $2,686,393.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Winder Investment Pte Ltd bought 20,000 shares of Internationa Flavors & Fragrances stock in a transaction on Monday, June 26th. The shares were acquired at an average price of $137.08 per share, for a total transaction of $2,741,600.00. Following the completion of the acquisition, the insider now owns 9,230,793 shares of the company’s stock, valued at approximately $1,265,357,104.44. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 977,408 shares of company stock worth $130,648,498. Corporate insiders own 0.48% of the company’s stock.

Internationa Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

Institutional Ownership by Quarter for Internationa Flavors & Fragrances (NYSE:IFF)

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