Kentucky Retirement Systems Sells 2,422 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Kentucky Retirement Systems lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,085 shares of the basic materials company’s stock after selling 2,422 shares during the quarter. Kentucky Retirement Systems’ holdings in DuPont de Nemours were worth $2,592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DD. Sequoia Financial Advisors LLC grew its position in DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after acquiring an additional 28,553 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in DuPont de Nemours during the 2nd quarter valued at about $1,610,000. Cetera Investment Advisers boosted its position in DuPont de Nemours by 186.5% in the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock valued at $6,698,000 after buying an additional 56,870 shares during the period. Appian Way Asset Management LP bought a new position in DuPont de Nemours in the 2nd quarter worth about $2,978,000. Finally, BDF Gestion purchased a new position in shares of DuPont de Nemours during the second quarter worth approximately $2,612,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays boosted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley upped their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised their target price 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. Finally, Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Trading Down 1.5 %

NYSE DD opened at $81.85 on Monday. The stock has a market cap of $34.21 billion, a P/E ratio of 43.08, a P/E/G ratio of 1.96 and a beta of 1.35. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a fifty day simple moving average of $84.43 and a two-hundred day simple moving average of $81.63.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.86%. DuPont de Nemours’s payout ratio is currently 80.00%.

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.