Texas Permanent School Fund Lowers Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Texas Permanent School Fund lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) by 6.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,017 shares of the specialty chemicals company’s stock after selling 2,090 shares during the quarter. Texas Permanent School Fund’s holdings in International Flavors & Fragrances were worth $4,336,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Covestor Ltd bought a new stake in International Flavors & Fragrances in the fourth quarter worth $25,000. Atwood & Palmer Inc. increased its position in International Flavors & Fragrances by 1,718.2% in the first quarter. Atwood & Palmer Inc. now owns 200 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 189 shares during the last quarter. JJJ Advisors Inc. increased its position in International Flavors & Fragrances by 74.3% during the fourth quarter. JJJ Advisors Inc. now owns 176 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. First Personal Financial Services bought a new position in International Flavors & Fragrances during the fourth quarter valued at $30,000. Finally, Steward Financial Group LLC bought a new position in International Flavors & Fragrances during the fourth quarter valued at $31,000. Institutional investors own 90.67% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider De Villeplee Christoph Fauchon sold 629 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $132.59, for a total transaction of $83,399.11. Following the completion of the sale, the insider now directly owns 8,180 shares of the company’s stock, valued at $1,084,586.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Performance

IFF stock opened at $126.74 on Friday. The firm has a market cap of $32.30 billion, a price-to-earnings ratio of 58.14, a PEG ratio of 2.21 and a beta of 0.99. The firm has a 50-day simple moving average of $121.30 and a two-hundred day simple moving average of $126.00. International Flavors & Fragrances Inc. has a one year low of $105.38 and a one year high of $157.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.86.

International Flavors & Fragrances (NYSE:IFFGet Rating) last released its quarterly earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.31 by $0.38. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.09 billion. International Flavors & Fragrances had a net margin of 4.48% and a return on equity of 6.89%. The company’s quarterly revenue was up 30.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 earnings per share. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IFF. Bank of America cut their price objective on shares of International Flavors & Fragrances from $169.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Wednesday, May 18th. Jefferies Financial Group cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and cut their price target for the stock from $170.00 to $101.00 in a report on Thursday, June 16th. Wells Fargo & Company upped their price target on shares of International Flavors & Fragrances from $145.00 to $150.00 in a report on Wednesday, May 11th. Finally, Credit Suisse Group began coverage on shares of International Flavors & Fragrances in a report on Monday, June 27th. They issued an “outperform” rating and a $145.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.92.

International Flavors & Fragrances Company Profile

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International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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

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