Public Employees Retirement System of Ohio reduced its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,583 shares of the specialty chemicals company’s stock after selling 1,052 shares during the period. Public Employees Retirement System of Ohio’s holdings in International Flavors & Fragrances were worth $4,514,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. D.A. Davidson & CO. grew its position in International Flavors & Fragrances by 0.5% during the 2nd quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock worth $144,000 after purchasing an additional 5 shares during the last quarter. Intrust Bank NA grew its position in International Flavors & Fragrances by 1.2% during the 2nd quarter. Intrust Bank NA now owns 2,937 shares of the specialty chemicals company’s stock worth $396,000 after purchasing an additional 36 shares during the last quarter. YorkBridge Wealth Partners LLC grew its position in International Flavors & Fragrances by 5.7% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock worth $103,000 after purchasing an additional 41 shares during the last quarter. FIL Ltd grew its position in International Flavors & Fragrances by 1.0% during the 2nd quarter. FIL Ltd now owns 6,384 shares of the specialty chemicals company’s stock worth $862,000 after purchasing an additional 61 shares during the last quarter. Finally, Commonwealth Bank of Australia grew its position in International Flavors & Fragrances by 6.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock worth $171,000 after purchasing an additional 76 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

Shares of International Flavors & Fragrances Inc (NYSE IFF) opened at $152.24 on Wednesday. The firm has a market cap of $12,020.00, a PE ratio of 29.16, a PEG ratio of 3.03 and a beta of 1.19. The company has a quick ratio of 1.77, a current ratio of 2.66 and a debt-to-equity ratio of 0.92. International Flavors & Fragrances Inc has a fifty-two week low of $113.16 and a fifty-two week high of $156.64.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The business had revenue of $872.90 million for the quarter, compared to the consensus estimate of $847.63 million. International Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 earnings per share. sell-side analysts expect that International Flavors & Fragrances Inc will post 5.78 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 29th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 28th. International Flavors & Fragrances’s payout ratio is 52.87%.

In other news, EVP Anne Chwat sold 3,000 shares of International Flavors & Fragrances stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $149.61, for a total value of $448,830.00. Following the sale, the executive vice president now owns 39,157 shares of the company’s stock, valued at $5,858,278.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is owned by insiders.

Several research analysts have issued reports on the stock. KeyCorp raised their price objective on shares of International Flavors & Fragrances from $148.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Berenberg Bank reissued a “buy” rating and set a $160.00 price objective on shares of International Flavors & Fragrances in a research report on Friday, November 10th. UBS Group reissued a “buy” rating and set a $166.00 price objective (up from $151.00) on shares of International Flavors & Fragrances in a research report on Tuesday, November 7th. Finally, Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $143.70.

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About International Flavors & Fragrances

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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