Bahl & Gaynor Inc. held its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,652 shares of the specialty chemicals company’s stock at the close of the second quarter. Bahl & Gaynor Inc.’s holdings in Internationa Flavors & Fragrances were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Cleararc Capital Inc. raised its position in shares of Internationa Flavors & Fragrances by 0.6% in 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 in the last quarter. Ironwood Investment Management LLC raised its position in shares of Internationa Flavors & Fragrances by 0.7% in 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 in the last quarter. Intrust Bank NA raised its position in shares of Internationa Flavors & Fragrances by 1.2% in 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 in the last quarter. Pacer Advisors Inc. raised its position in shares of Internationa Flavors & Fragrances by 3.1% in 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 in the last quarter. Finally, Rothschild Asset Management Inc. raised its position in shares of Internationa Flavors & Fragrances by 1.2% in 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 in the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

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In other news, major shareholder Winder Investment Pte Ltd purchased 40,000 shares of Internationa Flavors & Fragrances stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average price of $132.30 per share, with a total value of $5,292,000.00. Following the completion of the transaction, the insider now directly owns 9,461,793 shares of the company’s stock, valued at $1,251,795,213.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Anne Chwat sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $137.22, for a total transaction of $411,660.00. Following the sale, the executive vice president now directly owns 42,157 shares of the company’s stock, valued at approximately $5,784,783.54. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 1,249,400 shares of company stock valued at $167,667,273 and have sold 5,766 shares valued at $786,086. 0.48% of the stock is currently owned by company insiders.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) opened at 144.14 on Tuesday. The firm’s 50-day moving average price is $137.62 and its 200-day moving average price is $134.91. Internationa Flavors & Fragrances, Inc. has a one year low of $113.16 and a one year high of $144.44. The company has a market capitalization of $11.38 billion, a price-to-earnings ratio of 29.08 and a beta of 1.09.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The business had revenue of $842.86 million during the quarter, compared to the consensus estimate of $845.89 million. During the same quarter last year, the firm earned $1.47 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts anticipate that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share 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 paid a dividend of $0.69 per share. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date is Friday, September 22nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.91%. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is currently 51.72%.

Several research analysts have recently weighed in on IFF shares. KeyCorp reissued a “buy” rating and issued a $148.00 price objective on shares of Internationa Flavors & Fragrances in a research report on Thursday, August 24th. Raymond James Financial, Inc. started coverage on Internationa Flavors & Fragrances in a research report on Friday, July 7th. They issued a “market perform” rating for the company. 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. Stifel Nicolaus reissued a “hold” rating and issued a $136.00 price objective on shares of Internationa Flavors & Fragrances in a research report on Friday, July 21st. Finally, BidaskClub lowered Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One equities 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $138.91.

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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