International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 69.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,164 shares of the specialty chemicals company's stock after purchasing an additional 72,032 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of International Flavors & Fragrances worth $14,895,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IFF. State Street Corp increased its stake in International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company's stock worth $1,102,363,000 after buying an additional 196,696 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of International Flavors & Fragrances by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company's stock worth $628,341,000 after acquiring an additional 77,521 shares during the last quarter. Van ECK Associates Corp increased its position in shares of International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Nordea Investment Management AB raised its stake in International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock valued at $464,926,000 after purchasing an additional 1,121,414 shares during the last quarter. Finally, First Pacific Advisors LP boosted its stake in International Flavors & Fragrances by 0.6% during the 4th quarter. First Pacific Advisors LP now owns 4,029,773 shares of the specialty chemicals company's stock worth $340,717,000 after purchasing an additional 22,991 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

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Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne bought 6,500 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now directly owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Trading Up 3.0 %

Shares of IFF traded up $2.42 during trading on Monday, reaching $82.07. 1,328,827 shares of the company traded hands, compared to its average volume of 1,466,395. The stock has a 50-day simple moving average of $83.41 and a 200-day simple moving average of $91.52. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a twelve month low of $78.91 and a twelve month high of $106.77. The stock has a market cap of $20.99 billion, a PE ratio of 87.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances's payout ratio is 170.21%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IFF shares. Argus upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Oppenheimer cut their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company cut their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Finally, Citigroup lowered their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.50.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.