Strs Ohio Invests $1.36 Million in International Flavors & Fragrances Inc. $IFF

Key Points

• Strs Ohio has invested approximately $1.36 million in International Flavors & Fragrances Inc. by acquiring 17,524 shares in the 1st quarter.
• CEO J Erik Fyrwald recently purchased 15,300 shares, increasing his position by 24.65%, while director Paul J. Fribourg bought 15,450 shares, indicating confidence in the company's performance.
• International Flavors & Fragrances announced a quarterly dividend of $0.40 per share, with an upcoming ex-dividend date of September 29th, reflecting a 2.5% yield.

Strs Ohio acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,524 shares of the specialty chemicals company's stock, valued at approximately $1,360,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IFF. Dodge & Cox increased its holdings in International Flavors & Fragrances by 7.4% in the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company's stock valued at $2,621,247,000 after purchasing an additional 2,336,844 shares in the last quarter. Nuveen LLC acquired a new stake in International Flavors & Fragrances in the 1st quarter valued at $57,324,000. GAMMA Investing LLC increased its holdings in International Flavors & Fragrances by 6,831.5% in the 1st quarter. GAMMA Investing LLC now owns 556,464 shares of the specialty chemicals company's stock valued at $431,870,000 after purchasing an additional 548,436 shares in the last quarter. Invesco Ltd. increased its holdings in International Flavors & Fragrances by 15.3% in the 1st quarter. Invesco Ltd. now owns 2,992,437 shares of the specialty chemicals company's stock valued at $232,243,000 after purchasing an additional 397,327 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its holdings in International Flavors & Fragrances by 63.5% in the 1st quarter. Alyeska Investment Group L.P. now owns 929,069 shares of the specialty chemicals company's stock valued at $72,105,000 after purchasing an additional 360,870 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Down 0.3%

Shares of NYSE IFF traded down $0.22 during mid-day trading on Friday, reaching $63.53. 6,765,745 shares of the company's stock were exchanged, compared to its average volume of 2,166,424. The firm has a market capitalization of $16.28 billion, a price-to-earnings ratio of -40.99, a PEG ratio of 2.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. International Flavors & Fragrances Inc. has a 52-week low of $62.33 and a 52-week high of $106.77. The company's 50-day moving average is $68.50 and its 200-day moving average is $73.45.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The business had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company's revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio (DPR) is -103.23%.

Analyst Ratings Changes

Several brokerages recently issued reports on IFF. Tigress Financial reiterated a "buy" rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Wolfe Research upgraded International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a research note on Monday, September 8th. Wells Fargo & Company lowered their target price on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. BNP Paribas Exane lowered their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating for the company in a research note on Thursday, September 11th. Finally, UBS Group lowered their target price on International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $92.33.

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg bought 15,450 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the acquisition, the director directly owned 15,450 shares of the company's stock, valued at $1,001,160. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO J Erik Fyrwald bought 15,300 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average price of $64.95 per share, with a total value of $993,735.00. Following the completion of the acquisition, the chief executive officer directly owned 77,370 shares in the company, valued at $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company's stock.

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.