DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,664 shares of the basic materials company’s stock after selling 1,744 shares during the quarter. Kentucky Retirement Systems’ holdings in DuPont de Nemours were worth $2,504,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DD. Price T Rowe Associates Inc. MD raised its position in shares of DuPont de Nemours by 2.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 587,254 shares of the basic materials company’s stock worth $45,025,000 after purchasing an additional 12,646 shares during the period. Lazard Asset Management LLC raised its position in shares of DuPont de Nemours by 31.0% during the 1st quarter. Lazard Asset Management LLC now owns 7,373 shares of the basic materials company’s stock worth $564,000 after purchasing an additional 1,744 shares during the period. LRI Investments LLC acquired a new stake in shares of DuPont de Nemours during the 1st quarter worth approximately $159,000. Elkhorn Partners Limited Partnership raised its position in shares of DuPont de Nemours by 94.5% during the 1st quarter. Elkhorn Partners Limited Partnership now owns 7,750 shares of the basic materials company’s stock worth $553,000 after purchasing an additional 3,765 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in DuPont de Nemours by 34.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after acquiring an additional 391,400 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was 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 of the company’s stock, valued at approximately $1,097,559.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

DuPont de Nemours Stock Up 0.5 %

Shares of NYSE:DD traded up $0.44 during midday trading on Monday, hitting $80.62. 342,015 shares of the stock were exchanged, compared to its average volume of 2,757,937. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $82.63. The business’s fifty day simple moving average is $80.21 and its two-hundred day simple moving average is $75.23. The company has a market capitalization of $33.71 billion, a PE ratio of 98.16, a P/E/G ratio of 2.50 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted its 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 return on equity of 6.07% and a net margin of 2.75%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the company earned $0.84 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts predict that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.89%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 185.37%.

Analysts Set New Price Targets

Several analysts recently commented on DD shares. UBS Group raised their target price on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Mizuho raised their target price 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. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their price target for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and increased their price target for the company from $78.00 to $101.00 in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.00.

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.