Kentucky Retirement Systems Insurance Trust Fund Reduces Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Kentucky Retirement Systems Insurance Trust Fund decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 61.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,887 shares of the specialty chemicals company's stock after selling 4,682 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in International Flavors & Fragrances were worth $248,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IFF. Van ECK Associates Corp lifted its holdings in International Flavors & Fragrances by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Nordea Investment Management AB lifted its holdings in International Flavors & Fragrances by 25.7% during the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock worth $464,926,000 after purchasing an additional 1,121,414 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in International Flavors & Fragrances by 70.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company's stock worth $74,299,000 after purchasing an additional 293,760 shares in the last quarter. Smith Group Asset Management LLC purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth about $22,399,000. Finally, State Street Corp lifted its holdings in International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company's stock worth $1,102,363,000 after purchasing an additional 196,696 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Trading Up 0.0 %

IFF traded up $0.01 on Friday, hitting $80.15. 793,873 shares of the company were exchanged, compared to its average volume of 1,477,597. The firm has a fifty day simple moving average of $84.86 and a two-hundred day simple moving average of $93.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77. The stock has a market capitalization of $20.49 billion, a PE ratio of 85.36, a price-to-earnings-growth ratio of 1.48 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted 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. 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. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

IFF has been the topic of a number of research analyst reports. Bank of America decreased their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday. Citigroup decreased their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, December 18th. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price on the stock. in a research note on Thursday. Stifel Nicolaus decreased their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Finally, Oppenheimer decreased their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $103.50.

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.