Teachers Retirement System of The State of Kentucky Has $9.12 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Teachers Retirement System of The State of Kentucky lowered its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 41.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,910 shares of the specialty chemicals company’s stock after selling 61,079 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in International Flavors & Fragrances were worth $9,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of IFF. Northwest Investment Counselors LLC acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances in the third quarter valued at about $42,000. Family Firm Inc. acquired a new stake in shares of International Flavors & Fragrances during the 2nd quarter worth about $38,000. Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth about $44,000. Finally, Eastern Bank acquired a new position in International Flavors & Fragrances in the 3rd quarter valued at about $46,000. Institutional investors own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Oppenheimer boosted their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, UBS Group increased their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average price target of $111.00.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $88.10 on Friday. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The business has a fifty day moving average price of $95.46 and a two-hundred day moving average price of $97.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.46). The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.89 earnings per share. As a group, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is -17.60%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.