Bourgeon Capital Management LLC raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 23.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,350 shares of the specialty chemicals company's stock after purchasing an additional 5,350 shares during the quarter. Bourgeon Capital Management LLC's holdings in International Flavors & Fragrances were worth $3,723,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Capital Investment Advisory Services LLC grew its stake in shares of International Flavors & Fragrances by 8.0% in the first quarter. Capital Investment Advisory Services LLC now owns 2,287 shares of the specialty chemicals company's stock worth $300,000 after acquiring an additional 170 shares in the last quarter. CENTRAL TRUST Co increased its holdings in International Flavors & Fragrances by 34.9% during the 1st quarter. CENTRAL TRUST Co now owns 2,647 shares of the specialty chemicals company's stock worth $348,000 after purchasing an additional 685 shares during the period. Calamos Advisors LLC raised its position in International Flavors & Fragrances by 15.4% in the 1st quarter. Calamos Advisors LLC now owns 16,957 shares of the specialty chemicals company's stock valued at $2,227,000 after purchasing an additional 2,260 shares in the last quarter. Clifford Swan Investment Counsel LLC boosted its stake in shares of International Flavors & Fragrances by 29.0% in the 1st quarter. Clifford Swan Investment Counsel LLC now owns 54,616 shares of the specialty chemicals company's stock valued at $7,173,000 after buying an additional 12,283 shares during the period. Finally, HNP Capital LLC acquired a new position in shares of International Flavors & Fragrances during the first quarter worth about $278,000. Institutional investors and hedge funds own 90.67% of the company's stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded up $0.09 during midday trading on Friday, hitting $122.42. The stock had a trading volume of 4,205 shares, compared to its average volume of 984,532. International Flavors & Fragrances Inc. has a 1 year low of $105.38 and a 1 year high of $157.08. The company has a current ratio of 1.86, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $122.52 and a two-hundred day moving average price of $127.57. The company has a market capitalization of $31.20 billion, a PE ratio of 56.11, a P/E/G ratio of 2.08 and a beta of 1.02.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Investors of record on Friday, June 24th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, June 23rd. International Flavors & Fragrances's dividend payout ratio (DPR) is 144.95%.

Insider Buying and Selling

In other news, insider De Villeplee Christoph Fauchon sold 630 shares of the business's stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $121.68, for a total transaction of $76,658.40. Following the sale, the insider now owns 8,809 shares of the company's stock, valued at approximately $1,071,879.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Mizuho lowered their price target on shares of International Flavors & Fragrances from $147.00 to $145.00 in a report on Wednesday, May 11th. StockNews.com upgraded shares of International Flavors & Fragrances from a "sell" rating to a "hold" rating in a research note on Wednesday, May 18th. Wells Fargo & Company lifted their price target on International Flavors & Fragrances from $145.00 to $150.00 in a report on Wednesday, May 11th. Credit Suisse Group started coverage on International Flavors & Fragrances in a research report on Monday, June 27th. They set an "outperform" rating and a $145.00 target price on the stock. Finally, Bank of America dropped their price target on shares of International Flavors & Fragrances from $169.00 to $161.00 and set a "buy" rating on the stock in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $148.92.

International Flavors & Fragrances Profile

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International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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