Teacher Retirement System of Texas grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 97.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,652 shares of the basic materials company’s stock after buying an additional 72,723 shares during the period. Teacher Retirement System of Texas’ holdings in DuPont de Nemours were worth $10,039,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in DuPont de Nemours by 2.1% in the 2nd quarter. BlackRock Inc. now owns 36,787,089 shares of the basic materials company’s stock worth $2,847,689,000 after acquiring an additional 741,715 shares during the last quarter. State Street Corp increased its holdings in DuPont de Nemours by 3.9% in the 2nd quarter. State Street Corp now owns 28,875,172 shares of the basic materials company’s stock worth $2,235,227,000 after buying an additional 1,081,191 shares in the last quarter. Boston Partners raised its position in DuPont de Nemours by 6.9% in the 3rd quarter. Boston Partners now owns 12,602,808 shares of the basic materials company’s stock worth $857,165,000 after buying an additional 811,924 shares during the last quarter. Geode Capital Management LLC lifted its stake in DuPont de Nemours by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 8,734,363 shares of the basic materials company’s stock valued at $674,095,000 after acquiring an additional 322,515 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of DuPont de Nemours by 23.2% in the second quarter. JPMorgan Chase & Co. now owns 5,131,824 shares of the basic materials company’s stock worth $397,255,000 after acquiring an additional 966,499 shares during the period. 69.56% of the stock is owned by institutional investors.
Several brokerages recently issued reports on DD. Credit Suisse Group upgraded shares of DuPont de Nemours from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $76.00 to $95.00 in a report on Wednesday, November 3rd. Deutsche Bank Aktiengesellschaft raised their price target on DuPont de Nemours from $92.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 3rd. BMO Capital Markets raised their target price on DuPont de Nemours from $96.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 3rd. JPMorgan Chase & Co. upgraded shares of DuPont de Nemours from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $84.00 to $85.00 in a research report on Monday, October 4th. They noted that the move was a valuation call. Finally, Morgan Stanley reduced their target price on DuPont de Nemours from $98.00 to $93.00 and set an “equal weight” rating on the stock in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Buy” and an average target price of $92.05.
NYSE:DD opened at $84.97 on Friday. The firm has a market capitalization of $44.44 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.60 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.01 and a quick ratio of 1.34. The business’s fifty day moving average price is $79.22 and its 200 day moving average price is $75.47. DuPont de Nemours, Inc. has a 12 month low of $66.37 and a 12 month high of $86.28.
DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 2nd. The basic materials company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.03. DuPont de Nemours had a return on equity of 7.94% and a net margin of 36.78%. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.22 EPS for the current year.
About DuPont de Nemours
DuPont de Nemours, Inc operates as a holding company, which engages in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial; Water & Protection; and Mobility & Materials. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.
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