DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,500 shares of the basic materials company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in DuPont de Nemours were worth $2,094,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Palisade Asset Management LLC acquired a new position in shares of DuPont de Nemours during the 1st quarter worth about $25,000. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at about $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $27,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $28,000. Finally, Fortitude Family Office LLC boosted its position in shares of DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DD. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Morgan Stanley upped their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their target price 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. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Finally, Royal Bank of Canada increased their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.83.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $83.43 on Wednesday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a market cap of $34.88 billion, a price-to-earnings ratio of 101.74, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. The stock has a 50 day simple moving average of $84.01 and a 200-day simple moving average of $80.74. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

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, beating the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the business posted $0.85 EPS. DuPont de Nemours’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is currently 185.37%.

DuPont de Nemours 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.