Teacher Retirement System of Texas reduced its stake in International Flavors & Fragrances Inc (NYSE:IFF) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,011 shares of the specialty chemicals company’s stock after selling 1,508 shares during the period. Teacher Retirement System of Texas’ holdings in International Flavors & Fragrances were worth $1,985,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. increased its holdings in shares of International Flavors & Fragrances by 6.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 12,603 shares of the specialty chemicals company’s stock valued at $1,563,000 after purchasing an additional 754 shares during the last quarter. Markel Corp grew its stake in shares of International Flavors & Fragrances by 300.0% in the second quarter. Markel Corp now owns 40,000 shares of the specialty chemicals company’s stock valued at $4,958,000 after acquiring an additional 30,000 shares in the last quarter. Engineers Gate Manager LP grew its stake in shares of International Flavors & Fragrances by 25.3% in the second quarter. Engineers Gate Manager LP now owns 48,506 shares of the specialty chemicals company’s stock valued at $6,013,000 after acquiring an additional 9,801 shares in the last quarter. Sei Investments Co. grew its stake in shares of International Flavors & Fragrances by 90.7% in the second quarter. Sei Investments Co. now owns 37,436 shares of the specialty chemicals company’s stock valued at $4,640,000 after acquiring an additional 17,808 shares in the last quarter. Finally, Willingdon Wealth Management acquired a new position in shares of International Flavors & Fragrances in the second quarter valued at about $1,612,000. Hedge funds and other institutional investors own 87.69% of the company’s stock.

In other news, major shareholder Winder Investment Pte Ltd acquired 180,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was acquired at an average price of $134.13 per share, with a total value of $24,143,400.00. Following the completion of the transaction, the insider now directly owns 15,380,000 shares of the company’s stock, valued at approximately $2,062,919,400. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dale F. Morrison acquired 4,010 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The shares were purchased at an average cost of $124.60 per share, with a total value of $499,646.00. Following the transaction, the director now directly owns 4,010 shares of the company’s stock, valued at $499,646. The disclosure for this purchase can be found here. Insiders have purchased 1,747,810 shares of company stock valued at $224,723,967 in the last ninety days. 0.48% of the stock is currently owned by company insiders.

IFF stock opened at $131.71 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.90 and a current ratio of 2.90. International Flavors & Fragrances Inc has a 52 week low of $122.11 and a 52 week high of $157.40. The stock has a market capitalization of $10.40 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.05. International Flavors & Fragrances had a net margin of 8.35% and a return on equity of 28.32%. The business had revenue of $920.02 million during the quarter, compared to analysts’ expectations of $899.62 million. During the same quarter in the prior year, the business posted $1.50 earnings per share. analysts predict that International Flavors & Fragrances Inc will post 6.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Monday, September 24th will be given a dividend of $0.73 per share. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, September 21st. This represents a $2.92 annualized dividend and a yield of 2.22%. International Flavors & Fragrances’s dividend payout ratio is currently 46.86%.

Several equities analysts recently commented on IFF shares. Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. JPMorgan Chase & Co. downgraded shares of International Flavors & Fragrances from a “neutral” rating to an “underweight” rating in a research note on Monday, May 14th. Stifel Nicolaus decreased their price target on shares of International Flavors & Fragrances to $147.00 and set a “hold” rating on the stock in a research note on Tuesday, May 8th. Deutsche Bank decreased their price target on shares of International Flavors & Fragrances from $135.00 to $124.00 and set a “hold” rating on the stock in a research note on Tuesday, May 8th. Finally, ValuEngine downgraded shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Wednesday, May 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $146.67.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily 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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