Radnor Capital Management LLC Trims Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Radnor Capital Management LLC decreased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 11.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,616 shares of the specialty chemicals company’s stock after selling 594 shares during the period. Radnor Capital Management LLC’s holdings in International Flavors & Fragrances were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC raised its stake in International Flavors & Fragrances by 3,000.0% in 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 in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $41,000. Principal Securities Inc. purchased a new position in shares of International Flavors & Fragrances in the fourth quarter worth $43,000. Sachetta LLC acquired a new stake in International Flavors & Fragrances during the 4th quarter worth about $50,000. Finally, Optiver Holding B.V. acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth about $50,000. Institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In related news, insider Angela Strzelecki sold 2,588 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the completion of the sale, the insider now directly owns 8,539 shares of the company’s stock, valued at $816,840.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $95.98 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The business’s fifty day simple moving average is $92.75 and its 200-day simple moving average is $84.98. International Flavors & Fragrances Inc. has a 12-month low of $62.11 and a 12-month high of $99.91.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.27. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 3.86 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared 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 is Friday, June 21st. This represents a $1.60 annualized dividend and a yield of 1.67%. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IFF shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $100.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, May 21st. Mizuho lifted their target price on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Wolfe Research began coverage on International Flavors & Fragrances in a research note on Friday, March 1st. They issued an “underperform” rating for the company. Stifel Nicolaus upped their price objective on shares of International Flavors & Fragrances from $87.00 to $95.00 and gave the company a “hold” rating in a research note on Tuesday, May 7th. Finally, Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $95.61.

International Flavors & Fragrances Profile

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.