Teachers Retirement System of The State of Kentucky Sells 1,008 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Teachers Retirement System of The State of Kentucky lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,701 shares of the basic materials company’s stock after selling 1,008 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in DuPont de Nemours were worth $2,873,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in 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 valued at $3,696,152,000 after purchasing an additional 3,168,740 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in DuPont de Nemours by 403.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after purchasing an additional 1,139,156 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in DuPont de Nemours during the second quarter valued at $83,540,000. Renaissance Technologies LLC purchased a new stake in DuPont de Nemours during the second quarter valued at $67,665,000. Finally, Ceredex Value Advisors LLC raised its stake in DuPont de Nemours by 95.0% during the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after purchasing an additional 567,732 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DD shares. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Citigroup cut their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Stock Down 1.0 %

NYSE:DD opened at $87.14 on Friday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a 50-day moving average of $81.85 and a 200 day moving average of $79.46. The firm has a market cap of $36.43 billion, a PE ratio of 106.27, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share 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 company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

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.