Teachers Retirement System of The State of Kentucky Has $6.83 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,784 shares of the specialty chemicals company's stock after selling 6,126 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in International Flavors & Fragrances were worth $6,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $406,000. Tidal Investments LLC raised its stake in shares of International Flavors & Fragrances by 9.3% in the 3rd quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company's stock valued at $924,000 after acquiring an additional 750 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of International Flavors & Fragrances by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company's stock valued at $49,388,000 after acquiring an additional 9,555 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of International Flavors & Fragrances by 46.8% in the 4th quarter. Versant Capital Management Inc now owns 1,041 shares of the specialty chemicals company's stock valued at $88,000 after acquiring an additional 332 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in shares of International Flavors & Fragrances by 8.2% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,600 shares of the specialty chemicals company's stock valued at $896,000 after acquiring an additional 800 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on IFF. Bank of America dropped their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Argus raised International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. 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 report on Tuesday, April 15th. Cfra downgraded International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target on the stock. in a research report on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price target on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.54.

International Flavors & Fragrances Price Performance

Shares of IFF traded down $0.37 during trading hours on Friday, hitting $76.27. The stock had a trading volume of 1,348,646 shares, compared to its average volume of 1,537,553. The company's fifty day moving average is $77.14 and its two-hundred day moving average is $85.33. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The stock has a market capitalization of $19.50 billion, a price-to-earnings ratio of 81.14, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.10%. International Flavors & Fragrances's dividend payout ratio (DPR) is 170.21%.

Insider Buying and Selling

In related news, Director Kevin O'byrne purchased 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the transaction, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Company 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.