Teachers Retirement System of The State of Kentucky Lowers Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Teachers Retirement System of The State of Kentucky lessened its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 41.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pictet North America Advisors SA boosted its position in International Flavors & Fragrances by 3.1% during the third quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company's stock valued at $344,000 after acquiring an additional 99 shares during the last quarter. Integrated Advisors Network LLC boosted its position in shares of International Flavors & Fragrances by 1.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company's stock valued at $600,000 after purchasing an additional 107 shares in the last quarter. CWM LLC grew its stake in International Flavors & Fragrances by 1.7% during the third quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company's stock worth $686,000 after purchasing an additional 109 shares during the period. Summit Trail Advisors LLC lifted its stake in International Flavors & Fragrances by 5.0% in the second quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company's stock valued at $236,000 after buying an additional 117 shares during the period. Finally, Orca Investment Management LLC grew its position in shares of International Flavors & Fragrances by 0.6% during the 3rd quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company's stock worth $2,231,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Stock Performance

Shares of IFF traded down $0.70 during mid-day trading on Friday, hitting $87.40. The stock had a trading volume of 1,156,170 shares, compared to its average volume of 1,659,794. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The firm has a market cap of $22.35 billion, a P/E ratio of -9.61, a PEG ratio of 1.55 and a beta of 1.17. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The business has a fifty day moving average price of $95.20 and a 200-day moving average price of $97.59.

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

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -17.60%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares of the company's stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IFF shares. Stifel Nicolaus upped their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Morgan Stanley raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Vertical Research raised International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 target price on the stock in a research report on Thursday, November 7th. Barclays lifted their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. Finally, UBS Group raised their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.00.

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.