Eubel Brady & Suttman Asset Management Inc. Sells 17,564 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Eubel Brady & Suttman Asset Management Inc. lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,401 shares of the specialty chemicals company’s stock after selling 17,564 shares during the quarter. International Flavors & Fragrances makes up 4.3% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 2nd biggest position. Eubel Brady & Suttman Asset Management Inc. owned about 0.12% of International Flavors & Fragrances worth $29,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Riverview Trust Co acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at approximately $27,000. Quent Capital LLC raised its stake in International Flavors & Fragrances by 183.2% in the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 240 shares during the period. Family Firm Inc. acquired a new stake in International Flavors & Fragrances during the 2nd quarter valued at $38,000. Principal Securities Inc. bought a new position in International Flavors & Fragrances during the fourth quarter worth $43,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of International Flavors & Fragrances in the first quarter valued at $44,000. 96.02% of the stock is owned by institutional investors.

Insider Transactions at International Flavors & Fragrances

In other news, insider Angela Strzelecki sold 2,588 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total transaction of $247,568.08. Following the completion of the sale, the insider now owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $103.48 on Tuesday. The company has a market capitalization of $26.42 billion, a PE ratio of -10.59, a P/E/G ratio of 1.84 and a beta of 1.22. The company has a 50 day simple moving average of $98.53 and a two-hundred day simple moving average of $92.12. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. International Flavors & Fragrances Inc. has a fifty-two week low of $62.28 and a fifty-two week high of $105.30.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.22 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.

Analyst Upgrades and Downgrades

Several analysts recently commented on IFF shares. Citigroup lifted their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price target for the company from $95.00 to $115.00 in a research note on Monday, July 22nd. Morgan Stanley upped their price target on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 3rd. UBS Group cut their price objective on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Finally, Oppenheimer began coverage on shares of International Flavors & Fragrances in a report on Friday, June 7th. They issued an “outperform” rating and a $116.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Hold” and a consensus price target of $103.80.

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.