Dearborn Partners LLC boosted its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,063 shares of the specialty chemicals company’s stock after acquiring an additional 3,684 shares during the quarter. Dearborn Partners LLC owned about 0.14% of Internationa Flavors & Fragrances worth $15,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Cleararc Capital Inc. lifted its position in Internationa Flavors & Fragrances by 0.6% during the 1st quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock worth $258,000 after acquiring an additional 11 shares during the period. Ironwood Investment Management LLC lifted its position in Internationa Flavors & Fragrances by 0.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 2,940 shares of the specialty chemicals company’s stock worth $397,000 after acquiring an additional 20 shares during the period. Intrust Bank NA lifted its position in Internationa Flavors & Fragrances by 1.2% during the 2nd quarter. Intrust Bank NA now owns 2,937 shares of the specialty chemicals company’s stock worth $396,000 after acquiring an additional 36 shares during the period. Pacer Advisors Inc. lifted its position in Internationa Flavors & Fragrances by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,466 shares of the specialty chemicals company’s stock worth $194,000 after acquiring an additional 44 shares during the period. Finally, Rothschild Asset Management Inc. lifted its position in Internationa Flavors & Fragrances by 1.2% during the 2nd quarter. Rothschild Asset Management Inc. now owns 3,622 shares of the specialty chemicals company’s stock worth $489,000 after acquiring an additional 44 shares during the period. 82.43% of the stock is owned by institutional investors.

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IFF has been the subject of a number of recent research reports. Vertical Group cut Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Deutsche Bank AG increased their price objective on Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Raymond James Financial, Inc. initiated coverage on Internationa Flavors & Fragrances in a research report on Friday, July 7th. They set a “market perform” rating for the company. Vertical Research cut Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, Zacks Investment Research raised Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $138.91.

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded down 0.67% during trading on Wednesday, reaching $138.32. The company had a trading volume of 42,393 shares. The firm has a market capitalization of $10.92 billion, a P/E ratio of 27.91 and a beta of 1.09. The company has a 50-day moving average of $135.33 and a 200-day moving average of $133.82. Internationa Flavors & Fragrances, Inc. has a 52-week low of $113.16 and a 52-week high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. The firm had revenue of $842.86 million during the quarter, compared to the consensus estimate of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 earnings per share. Analysts expect that Internationa Flavors & Fragrances, Inc. will post $5.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.98%. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, September 22nd. Internationa Flavors & Fragrances’s dividend payout ratio is 51.72%.

In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,233 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $133.76, for a total value of $164,926.08. Following the transaction, the insider now owns 46,274 shares of the company’s stock, valued at $6,189,610.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Winder Investment Pte Ltd purchased 27,700 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was bought at an average cost of $139.00 per share, for a total transaction of $3,850,300.00. Following the acquisition, the insider now directly owns 10,415,821 shares of the company’s stock, valued at approximately $1,447,799,119. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,265,028 shares of company stock valued at $169,797,398 and sold 5,766 shares valued at $786,086. Corporate insiders own 0.48% of the company’s stock.

About Internationa Flavors & Fragrances

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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