Public Employees Retirement System of Ohio Purchases 761 Shares of International Flavors & Fragrances Inc. $IFF

Public Employees Retirement System of Ohio increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,539 shares of the specialty chemicals company’s stock after buying an additional 761 shares during the period. Public Employees Retirement System of Ohio’s holdings in International Flavors & Fragrances were worth $5,850,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Banque Transatlantique SA bought a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at about $32,000. Zions Bancorporation National Association UT bought a new position in shares of International Flavors & Fragrances during the 1st quarter worth approximately $42,000. Geneos Wealth Management Inc. grew its position in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the period. Mather Group LLC. increased its stake in shares of International Flavors & Fragrances by 179.9% in the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 421 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC acquired a new position in shares of International Flavors & Fragrances during the 1st quarter valued at $77,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $60.74 on Monday. International Flavors & Fragrances Inc. has a one year low of $60.13 and a one year high of $106.77. The company has a market cap of $15.57 billion, a P/E ratio of -39.18, a P/E/G ratio of 2.63 and a beta of 1.07. The firm has a 50-day moving average of $67.19 and a 200-day moving average of $72.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -103.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on IFF shares. Wells Fargo & Company reduced their price target on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. BNP Paribas Exane reduced their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Barclays dropped their price target on International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. UBS Group reduced their price objective on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Finally, Tigress Financial restated a “buy” rating and set a $105.00 price objective on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average target price of $91.80.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 15,450 shares of the stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the purchase, the director directly owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald purchased 15,300 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $64.95 per share, with a total value of $993,735.00. Following the transaction, the chief executive officer owned 77,370 shares of the company’s stock, valued at $5,025,181.50. This trade represents a 24.65% increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.

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.