17,524 Shares in International Flavors & Fragrances Inc. $IFF Acquired by Strs Ohio

Strs Ohio purchased a new position in International Flavors & Fragrances Inc. (NYSE:IFF) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,524 shares of the specialty chemicals company’s stock, valued at approximately $1,360,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IFF. Focus Partners Wealth bought a new stake in International Flavors & Fragrances during the 4th quarter valued at $521,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in International Flavors & Fragrances by 2.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,980 shares of the specialty chemicals company’s stock valued at $2,112,000 after acquiring an additional 669 shares during the period. Nomura Holdings Inc. bought a new stake in International Flavors & Fragrances during the 4th quarter valued at $713,000. Rafferty Asset Management LLC raised its holdings in International Flavors & Fragrances by 12.5% during the 4th quarter. Rafferty Asset Management LLC now owns 22,200 shares of the specialty chemicals company’s stock valued at $1,877,000 after acquiring an additional 2,466 shares during the period. Finally, Royal Bank of Canada raised its holdings in International Flavors & Fragrances by 23.6% during the 4th quarter. Royal Bank of Canada now owns 361,073 shares of the specialty chemicals company’s stock valued at $30,529,000 after acquiring an additional 68,970 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on IFF. UBS Group lowered their target price on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Barclays decreased their price target on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. BNP Paribas Exane decreased their price target on shares of International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.33.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald purchased 15,300 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the purchase, the chief executive officer directly owned 77,370 shares of the company’s stock, valued at $5,025,181.50. The trade was a 24.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul J. Fribourg purchased 15,450 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the purchase, the director directly owned 15,450 shares in the company, valued at approximately $1,001,160. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $63.34 on Thursday. International Flavors & Fragrances Inc. has a fifty-two week low of $62.33 and a fifty-two week high of $106.77. The company has a 50 day simple moving average of $69.00 and a two-hundred day simple moving average of $73.80. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of -40.86, a P/E/G ratio of 2.79 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -103.23%.

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.