Public Employees Retirement System of Ohio Has $7.43 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Public Employees Retirement System of Ohio trimmed its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,882 shares of the specialty chemicals company's stock after selling 5,025 shares during the quarter. Public Employees Retirement System of Ohio's holdings in International Flavors & Fragrances were worth $7,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in shares of International Flavors & Fragrances in the fourth quarter valued at $32,000. Fairway Wealth LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter valued at $34,000. Rialto Wealth Management LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter valued at $42,000. Principal Securities Inc. raised its stake in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after purchasing an additional 171 shares in the last quarter. Finally, United Community Bank raised its stake in shares of International Flavors & Fragrances by 19.4% in the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock valued at $78,000 after purchasing an additional 150 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IFF has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Oppenheimer cut their price objective 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. Robert W. Baird cut their price objective 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. Morgan Stanley cut their price objective on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Finally, Citigroup lifted their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $92.54.

International Flavors & Fragrances Trading Up 0.6%

IFF stock traded up $0.46 during midday trading on Friday, reaching $76.54. The stock had a trading volume of 2,754,559 shares, compared to its average volume of 1,522,848. The business has a fifty day simple moving average of $75.27 and a two-hundred day simple moving average of $81.39. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The firm has a market cap of $19.58 billion, a price-to-earnings ratio of 81.43, a PEG ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the business earned $1.13 earnings per share. The company's revenue was down 1.9% compared to the same quarter last year. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -48.93%.

Insiders Place Their Bets

In other International Flavors & Fragrances news, Director Kevin O'byrne acquired 4,500 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average price of $76.05 per share, for a total transaction of $342,225.00. Following the acquisition, the director now directly owns 7,696 shares of the company's stock, valued at approximately $585,280.80. This trade represents a 140.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO J Erik Fyrwald bought 700 shares of the business's stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $74.00 per share, for a total transaction of $51,800.00. Following the purchase, the chief executive officer now directly owns 37,770 shares in the company, valued at approximately $2,794,980. This represents a 1.89% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 28,550 shares of company stock worth $2,211,372. Insiders own 0.20% 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.