Dimensional Fund Advisors LP Purchases 123,693 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Dimensional Fund Advisors LP grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,756,438 shares of the specialty chemicals company’s stock after purchasing an additional 123,693 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.69% of International Flavors & Fragrances worth $167,244,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IFF. Bayesian Capital Management LP acquired a new stake in International Flavors & Fragrances during the 4th quarter worth $9,316,000. Clearfield Capital Management LP bought a new stake in International Flavors & Fragrances in the fourth quarter valued at about $28,771,000. Price T Rowe Associates Inc. MD lifted its stake in International Flavors & Fragrances by 19.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,733,402 shares of the specialty chemicals company’s stock valued at $140,355,000 after buying an additional 280,069 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of International Flavors & Fragrances by 3.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 68,751 shares of the specialty chemicals company’s stock worth $5,567,000 after buying an additional 2,514 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of International Flavors & Fragrances by 77.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 31,629 shares of the specialty chemicals company’s stock valued at $2,561,000 after acquiring an additional 13,786 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IFF. Oppenheimer upped their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Citigroup upped their price objective on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. UBS Group reduced their target price on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. JPMorgan Chase & Co. increased their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Stifel Nicolaus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the company from $95.00 to $115.00 in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $103.87.

International Flavors & Fragrances Stock Down 0.6 %

Shares of IFF stock opened at $102.23 on Friday. The firm’s fifty day moving average price is $99.73 and its two-hundred day moving average price is $93.42. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances Inc. has a 1 year low of $62.28 and a 1 year high of $105.30. The firm has a market capitalization of $26.10 billion, a P/E ratio of -10.49, a PEG ratio of 1.85 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. International Flavors & Fragrances’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. On average, equities analysts predict that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.57%. International Flavors & Fragrances’s payout ratio is -16.38%.

International Flavors & Fragrances Profile

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.