Teachers Retirement System of The State of Kentucky Has $2.81 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

Teachers Retirement System of The State of Kentucky reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,709 shares of the basic materials company’s stock after selling 3,688 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in DuPont de Nemours were worth $2,814,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Vanguard Group Inc. increased its position in shares of DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after acquiring an additional 3,168,740 shares during the last quarter. Putnam Investments LLC raised its stake in shares of DuPont de Nemours by 3.2% during the 4th 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. Dimensional Fund Advisors LP boosted its holdings in shares of DuPont de Nemours by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock valued at $200,192,000 after buying an additional 101,203 shares during the last quarter. Mondrian Investment Partners LTD grew its stake in shares of 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 valued at $137,995,000 after buying an additional 156,339 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in DuPont de Nemours by 34.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after buying an additional 391,400 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on DD shares. UBS Group increased their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. JPMorgan Chase & Co. upped their price objective on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Barclays lifted their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note 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 research note on Friday, July 12th. One 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 currently has a consensus rating of “Moderate Buy” and an average price target of $93.27.

DuPont de Nemours Stock Performance

Shares of DD stock traded down $3.54 on Friday, hitting $79.12. The company’s stock had a trading volume of 3,219,226 shares, compared to its average volume of 2,108,516. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $85.12. The company has a market capitalization of $33.03 billion, a PE ratio of 96.49, a PEG ratio of 2.54 and a beta of 1.34. The stock’s 50 day moving average is $80.39 and its 200-day moving average is $75.44. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.61 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.69 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.92%. DuPont de Nemours’s payout ratio is 185.37%.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now directly owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

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.