New York State Common Retirement Fund Has $13.20 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

New York State Common Retirement Fund trimmed its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,122 shares of the specialty chemicals company's stock after selling 13,900 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of International Flavors & Fragrances worth $13,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the third quarter worth about $42,000. Eastern Bank bought a new stake in International Flavors & Fragrances in the third quarter valued at about $46,000. Ashton Thomas Securities LLC bought a new position in International Flavors & Fragrances during the third quarter worth about $48,000. Catalyst Capital Advisors LLC acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $67,000. Finally, Principal Securities Inc. increased its stake in shares of International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after acquiring an additional 171 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Oppenheimer reduced their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company decreased their price target on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Citigroup lowered their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th. Cfra cut International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price for the company. in a research note on Thursday, February 20th. Finally, Barclays dropped their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $103.50.

International Flavors & Fragrances Stock Up 0.7 %

Shares of NYSE:IFF traded up $0.54 during trading on Thursday, hitting $81.11. 1,552,342 shares of the company were exchanged, compared to its average volume of 1,532,001. The firm has a fifty day moving average price of $84.33 and a two-hundred day moving average price of $93.11. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The stock has a market cap of $20.74 billion, a price-to-earnings ratio of 86.29, a P/E/G ratio of 1.45 and a beta of 1.19. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

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

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.