Teacher Retirement System of Texas Grows Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Teacher Retirement System of Texas raised its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 1,514.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 63,111 shares of the specialty chemicals company's stock after acquiring an additional 59,203 shares during the period. Teacher Retirement System of Texas' holdings in International Flavors & Fragrances were worth $4,898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IFF. SBI Securities Co. Ltd. purchased a new stake in International Flavors & Fragrances in the 4th quarter worth approximately $32,000. Fairway Wealth LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter worth $34,000. Rialto Wealth Management LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter worth $42,000. Mather Group LLC. increased its stake in International Flavors & Fragrances by 179.9% in the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 421 shares during the period. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of International Flavors & Fragrances during the first quarter valued at $77,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, EVP Stephen N. Landsman acquired 12,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were acquired at an average price of $77.28 per share, for a total transaction of $927,360.00. Following the acquisition, the executive vice president owned 12,000 shares in the company, valued at $927,360. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Beril Yildiz sold 2,400 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $77.33, for a total value of $185,592.00. Following the completion of the transaction, the chief accounting officer owned 3,321 shares in the company, valued at approximately $256,812.93. The trade was a 41.95% decrease in their position. The disclosure for this sale can be found here. Insiders have bought 22,050 shares of company stock worth $1,688,512 over the last quarter. 0.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on IFF shares. Tigress Financial started coverage on International Flavors & Fragrances in a research note on Wednesday, June 4th. They set a "buy" rating and a $105.00 price target on the stock. Citigroup lifted their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Robert W. Baird decreased their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $76.00 to $84.00 in a report on Thursday, May 8th. Finally, Oppenheimer decreased their price target on International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $93.43.

International Flavors & Fragrances Trading Up 0.5%

Shares of International Flavors & Fragrances stock traded up $0.41 during trading hours on Wednesday, hitting $76.59. The company's stock had a trading volume of 1,224,708 shares, compared to its average volume of 1,533,953. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The firm has a fifty day moving average of $76.18 and a 200-day moving average of $79.04. The stock has a market cap of $19.59 billion, a price-to-earnings ratio of -23.42, a P/E/G ratio of 3.33 and a beta of 1.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.87.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a positive return on equity of 7.99% and a negative net margin of 7.31%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company posted $1.13 EPS. The company's quarterly revenue was down 1.9% on a year-over-year basis. Research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 annualized dividend and a yield of 2.09%. International Flavors & Fragrances's dividend payout ratio (DPR) is -48.93%.

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.