Kentucky Retirement Systems Insurance Trust Fund Has $794,000 Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,569 shares of the specialty chemicals company’s stock after selling 667 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in International Flavors & Fragrances were worth $794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ilex Capital Partners UK LLP increased its holdings in shares of International Flavors & Fragrances by 344.5% during the 1st quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after acquiring an additional 656,820 shares during the last quarter. Albar Capital Ltd increased its holdings in shares of International Flavors & Fragrances by 73.5% in the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock valued at $109,133,000 after purchasing an additional 485,433 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of International Flavors & Fragrances by 70.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after purchasing an additional 293,760 shares during the period. Swedbank AB acquired a new stake in shares of International Flavors & Fragrances during the 1st quarter worth about $19,945,000. Finally, Smith Group Asset Management LLC bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth about $22,399,000. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Oppenheimer upped their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. Finally, UBS Group upped their price target 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.27.

International Flavors & Fragrances Stock Down 3.6 %

Shares of IFF opened at $86.14 on Monday. The firm has a 50 day simple moving average of $100.76 and a two-hundred day simple moving average of $98.43. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a one year low of $72.89 and a one year high of $106.77. The company has a market cap of $22.02 billion, a P/E ratio of -9.48, a P/E/G ratio of 1.52 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. Research analysts forecast that International Flavors & Fragrances Inc. will post 4.17 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.60%.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

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.