DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 416,195 shares of the basic materials company’s stock after selling 22,069 shares during the period. Retirement Systems of Alabama’s holdings in DuPont de Nemours were worth $33,500,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Northwest Financial Advisors purchased a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $25,000. Palisade Asset Management LLC purchased a new position in shares of DuPont de Nemours during the first quarter valued at $25,000. ESL Trust Services LLC acquired a new position in DuPont de Nemours during the first quarter valued at $26,000. LifeSteps Financial Inc. purchased a new stake in DuPont de Nemours in the 1st quarter worth about $28,000. Finally, Byrne Asset Management LLC acquired a new stake in DuPont de Nemours during the 1st quarter worth about $33,000. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and upped their price objective for the company from $78.00 to $101.00 in a research note on Friday, May 17th. Mizuho lifted their target price on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Citigroup dropped their price target on shares of 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. Finally, Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $80.00 to $103.00 in a research report on Friday, May 24th. One equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Stock Up 1.0 %

NYSE DD traded up $0.81 during trading on Friday, hitting $81.10. 1,325,008 shares of the company traded hands, compared to its average volume of 2,678,847. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $85.12. The business has a fifty day simple moving average of $79.94 and a 200 day simple moving average of $76.67. The company has a market capitalization of $33.91 billion, a P/E ratio of 98.90, a PEG ratio of 2.54 and a beta of 1.34. The company has a current ratio of 2.21, a quick ratio of 1.61 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.69 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

About DuPont de Nemours

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.