Teachers Retirement System of The State of Kentucky Has $3.11 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,397 shares of the basic materials company’s stock after selling 1,807 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in DuPont de Nemours were worth $3,108,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Neo Ivy Capital Management acquired a new position in DuPont de Nemours during the fourth quarter worth $40,000. Beacon Financial Group acquired a new position in DuPont de Nemours during the fourth quarter worth $2,310,000. V Square Quantitative Management LLC increased its position in DuPont de Nemours by 226.9% during the fourth quarter. V Square Quantitative Management LLC now owns 8,912 shares of the basic materials company’s stock worth $686,000 after buying an additional 6,186 shares during the last quarter. Oracle Alpha Inc. acquired a new position in DuPont de Nemours during the fourth quarter worth $456,000. Finally, HITE Hedge Asset Management LLC grew its position in shares of DuPont de Nemours by 359.2% in the fourth quarter. HITE Hedge Asset Management LLC now owns 234,541 shares of the basic materials company’s stock valued at $18,043,000 after purchasing an additional 183,466 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 0.4 %

NYSE DD opened at $80.72 on Thursday. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $77.95 and its two-hundred day moving average is $74.11. The company has a market capitalization of $33.75 billion, a price-to-earnings ratio of 98.44, a PEG ratio of 2.51 and a beta of 1.36. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $82.63.

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

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, May 31st. DuPont de Nemours’s payout ratio is currently 185.37%.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DD shares. Mizuho raised their price target on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Wolfe Research started coverage on DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price target for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. Citigroup raised DuPont de Nemours from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $95.00 in a research report on Tuesday, May 28th. Finally, Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and raised their price target for the company from $78.00 to $101.00 in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $91.09.

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.