State of Alaska Department of Revenue Sells 1,615 Shares of DuPont de Nemours, Inc. (NYSE:DD)

State of Alaska Department of Revenue trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,411 shares of the basic materials company’s stock after selling 1,615 shares during the period. State of Alaska Department of Revenue’s holdings in DuPont de Nemours were worth $4,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DD. Vanguard Group Inc. raised its stake in shares of DuPont de Nemours by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after buying an additional 3,168,740 shares during the last quarter. Norges Bank bought a new stake in shares of DuPont de Nemours during the fourth quarter worth approximately $111,980,000. Great Lakes Advisors LLC raised its stake in shares of DuPont de Nemours by 156.6% during the fourth quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock worth $56,772,000 after buying an additional 450,422 shares during the last quarter. Nuance Investments LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth approximately $24,785,000. Finally, International Assets Investment Management LLC raised its stake in shares of DuPont de Nemours by 9,558.5% during the fourth quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company’s stock worth $21,934,000 after buying an additional 282,166 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Down 0.2 %

DuPont de Nemours stock opened at $79.19 on Friday. The stock has a market capitalization of $33.11 billion, a PE ratio of 96.57, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $82.63. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $79.38 and a 200-day moving average of $74.78.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced 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 yield of 1.92%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the sale, 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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DD shares. Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their price target for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. Barclays boosted their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Citigroup upgraded shares of DuPont de Nemours from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $95.00 in a report on Tuesday, May 28th. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $83.00 to $96.00 in a report on Thursday, May 23rd. Finally, Mizuho boosted their price objective on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.09.

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.