Sun Sep 15 13:49:39 UTC 2024: ## Institutional Investors Show Interest in International Flavors & Fragrances (IFF)

**New York, NY – September 15th, 2024** – Johnson Investment Counsel Inc. has revealed a new stake in International Flavors & Fragrances Inc. (IFF) during the second quarter, according to their recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,673 shares of the specialty chemicals company, valued at approximately $445,000. This move follows a trend of increased interest in IFF by institutional investors.

Several other hedge funds and institutional investors have also adjusted their holdings in IFF in recent quarters. Notably, State of Alaska Department of Revenue increased its stake by 0.5% in the first quarter, now holding 27,696 shares valued at $2,381,000. Massmutual Trust Co. FSB ADV raised its stake by 18.1% in the second quarter, now owning 863 shares worth $82,000.

Other notable investors include Parallel Advisors LLC, which increased its stake by 3.9% in the fourth quarter, Pflug Koory LLC, which increased its stake by 2.4% in the first quarter, and Orca Investment Management LLC, which increased its stake by 0.8% in the second quarter.

Institutional investors currently own 96.02% of IFF’s stock.

IFF shares opened at $103.59 on Friday, with a market capitalization of $26.45 billion. The company recently declared a quarterly dividend of $0.40, payable on October 9th, representing a $1.60 annualized dividend and a yield of 1.54%.

Research analysts have also weighed in on IFF, with varying opinions. Wells Fargo & Company raised their target price to $115.00 and gave the stock an “overweight” rating, while UBS Group lowered their target price to $103.00 and set a “neutral” rating. Other analysts, including Stifel Nicolaus, Citigroup, and Oppenheimer, have also issued buy ratings and price target increases. Currently, IFF holds a consensus rating of “Hold” with a target price of $103.87, according to MarketBeat.com.

International Flavors & Fragrances Inc. is a global leader in the manufacturing and sale of cosmetic active and natural health ingredients for various consumer products. The company operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.

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