Kentucky Retirement Systems Sells 1,157 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Kentucky Retirement Systems lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,507 shares of the basic materials company’s stock after selling 1,157 shares during the quarter. Kentucky Retirement Systems’ holdings in DuPont de Nemours were worth $2,536,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Hsbc Holdings PLC boosted its position in DuPont de Nemours by 2.2% during the second quarter. Hsbc Holdings PLC now owns 835,601 shares of the basic materials company’s stock worth $67,238,000 after purchasing an additional 17,970 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of DuPont de Nemours by 19.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 51,255 shares of the basic materials company’s stock worth $3,894,000 after buying an additional 8,400 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of DuPont de Nemours by 4.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 56,662 shares of the basic materials company’s stock worth $4,553,000 after buying an additional 2,276 shares during the period. True Vision MN LLC acquired a new position in DuPont de Nemours in the 2nd quarter valued at $513,000. Finally, Wealth Alliance raised its holdings in DuPont de Nemours by 2.5% in the 2nd quarter. Wealth Alliance now owns 6,765 shares of the basic materials company’s stock worth $545,000 after acquiring an additional 166 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DD. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $103.00 in a research report on Friday, May 24th. UBS Group lifted their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft increased their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays upped their target price on shares of 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Trading Up 0.2 %

Shares of DD stock opened at $83.34 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The firm has a fifty day moving average of $80.67 and a 200-day moving average of $78.43. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $85.12. The stock has a market cap of $34.84 billion, a price-to-earnings ratio of 101.63, a P/E/G ratio of 2.12 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is 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.