DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,168 shares of the basic materials company’s stock after selling 1,688 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in DuPont de Nemours were worth $4,682,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DD. Vanguard Group Inc. lifted its stake in shares of DuPont de Nemours by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after acquiring an additional 3,168,740 shares during the period. Putnam Investments LLC raised its holdings in DuPont de Nemours by 3.2% during the fourth quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock worth $399,784,000 after purchasing an additional 159,438 shares in the last quarter. Mondrian Investment Partners LTD lifted its position in DuPont de Nemours by 9.5% in the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock worth $137,995,000 after purchasing an additional 156,339 shares during the period. Canada Pension Plan Investment Board boosted its stake in DuPont de Nemours by 34.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after purchasing an additional 391,400 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of DuPont de Nemours by 403.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after purchasing an additional 1,139,156 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $83.34 on Monday. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $85.12. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The stock has a market cap of $34.84 billion, a PE ratio of 101.63, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. The business has a fifty day simple moving average of $80.72 and a 200-day simple moving average of $78.60.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. DuPont de Nemours’s payout ratio is 185.37%.

Wall Street Analyst Weigh In

DD has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. UBS Group raised their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays raised their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Finally, Citigroup dropped their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.