Kentucky Retirement Systems Insurance Trust Fund Cuts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Kentucky Retirement Systems Insurance Trust Fund decreased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 14,194 shares of the basic materials company’s stock after selling 1,127 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in DuPont de Nemours were worth $1,088,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Triangle Securities Wealth Management increased its holdings in DuPont de Nemours by 0.7% during the 1st quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock worth $1,456,000 after purchasing an additional 134 shares during the period. Penobscot Investment Management Company Inc. boosted its position in shares of DuPont de Nemours by 1.2% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 13,094 shares of the basic materials company’s stock worth $1,004,000 after acquiring an additional 150 shares in the last quarter. SPC Financial Inc. boosted its position in shares of DuPont de Nemours by 1.9% during the 1st quarter. SPC Financial Inc. now owns 8,011 shares of the basic materials company’s stock worth $614,000 after acquiring an additional 151 shares in the last quarter. Personal CFO Solutions LLC boosted its position in shares of DuPont de Nemours by 2.5% in the 4th quarter. Personal CFO Solutions LLC now owns 6,327 shares of the basic materials company’s stock valued at $487,000 after purchasing an additional 153 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its position in shares of DuPont de Nemours by 2.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 5,996 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.9 %

Shares of NYSE DD traded up $0.74 during midday trading on Monday, reaching $80.92. 414,259 shares of the company’s stock were exchanged, compared to its average volume of 2,758,220. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $82.63. The stock has a market capitalization of $33.83 billion, a PE ratio of 98.16, a price-to-earnings-growth ratio of 2.50 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The business’s fifty day moving average price is $80.21 and its two-hundred day moving average price is $75.23.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts forecast that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.38 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.88%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction dated Thursday, May 9th. The stock was 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 directly owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours 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 completion of the transaction, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction that occurred on 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 of the company’s stock, valued at $1,097,559.96. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DD. 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 research report on Thursday, May 2nd. Citigroup reduced their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Barclays upped their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Finally, Mizuho upped their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

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.