State of Tennessee Department of Treasury Increases Position in International Flavors & Fragrances Inc. (NYSE:IFF)

State of Tennessee Department of Treasury raised its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,631 shares of the specialty chemicals company's stock after acquiring an additional 6,603 shares during the quarter. State of Tennessee Department of Treasury owned approximately 0.05% of International Flavors & Fragrances worth $10,876,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IFF. Compagnie Lombard Odier SCmA raised its holdings in International Flavors & Fragrances by 11.1% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company's stock valued at $9,654,000 after acquiring an additional 11,406 shares during the period. Choreo LLC grew its holdings in International Flavors & Fragrances by 55.7% during the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company's stock valued at $2,055,000 after purchasing an additional 8,728 shares during the last quarter. Covea Finance raised its holdings in shares of International Flavors & Fragrances by 79.0% in the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company's stock worth $10,407,000 after buying an additional 54,340 shares during the period. U.S. Capital Wealth Advisors LLC bought a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $7,508,000. Finally, S.E.E.D. Planning Group LLC grew its position in shares of International Flavors & Fragrances by 372.9% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company's stock worth $5,335,000 after buying an additional 49,761 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne bought 6,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the transaction, the director now owns 6,500 shares of the company's stock, valued at approximately $522,860. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Trading Up 1.3 %

Shares of International Flavors & Fragrances stock traded up $1.01 during trading hours on Tuesday, hitting $77.30. The company's stock had a trading volume of 245,190 shares, compared to its average volume of 1,757,756. The firm has a fifty day moving average of $77.03 and a 200-day moving average of $85.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The stock has a market cap of $19.77 billion, a price-to-earnings ratio of 82.22, a P/E/G ratio of 1.45 and a beta of 1.21. 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 announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. Research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, March 21st. International Flavors & Fragrances's payout ratio is 170.21%.

Analyst Ratings Changes

IFF has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Cfra downgraded International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target for the company. in a report on Thursday, February 20th. Mizuho dropped their price target on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays decreased their price objective on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $94.54.

International Flavors & Fragrances Profile

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.