DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 7.7% in the 3rd quarter, Holdings Channel reports. The firm owned 32,935 shares of the basic materials company’s stock after selling 2,766 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in DuPont de Nemours were worth $2,935,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Denver PWM LLC purchased a new stake in shares of DuPont de Nemours in the second quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours during the 2nd quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours in the 3rd quarter worth approximately $38,000. FSA Wealth Management LLC purchased a new position in DuPont de Nemours in the 3rd quarter worth approximately $39,000. Finally, Quarry LP acquired a new stake in DuPont de Nemours in the second quarter valued at approximately $37,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

DD stock opened at $80.84 on Friday. The stock’s 50 day simple moving average is $83.71 and its 200 day simple moving average is $82.12. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The firm has a market cap of $33.79 billion, a P/E ratio of 42.55, a P/E/G ratio of 1.97 and a beta of 1.34. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.88%. DuPont de Nemours’s payout ratio is currently 80.00%.

Analyst Ratings Changes

DD has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays upped their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

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.