California State Teachers Retirement System Has $42.41 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

California State Teachers Retirement System cut its position in DuPont de Nemours, Inc. (NYSE:DD – Get Rating) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 841,458 shares of the basic materials company’s stock after selling 47,298 shares during the period. California State Teachers Retirement System owned about 0.17% of DuPont de Nemours worth $42,409,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new stake in shares of DuPont de Nemours during the first quarter worth $50,000. United Bank raised its holdings in shares of DuPont de Nemours by 7.6% during the first quarter. United Bank now owns 11,482 shares of the basic materials company’s stock worth $845,000 after acquiring an additional 810 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of DuPont de Nemours during the first quarter worth $195,000. Blair William & Co. IL raised its holdings in shares of DuPont de Nemours by 0.9% during the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock worth $6,964,000 after acquiring an additional 866 shares during the period. Finally, Prudential PLC acquired a new stake in shares of DuPont de Nemours during the first quarter worth $821,000. 71.91% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DD opened at $67.55 on Friday. The firm has a 50-day moving average of $73.53 and a 200-day moving average of $65.85. DuPont de Nemours, Inc. has a one year low of $49.52 and a one year high of $78.98. The company has a market cap of $30.96 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 2.12 and a beta of 1.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.02 and a quick ratio of 2.40.

DuPont de Nemours (NYSE:DD – Get Rating) last posted its earnings results on Tuesday, February 7th. The basic materials company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.09 billion. DuPont de Nemours had a net margin of 44.54% and a return on equity of 6.45%. DuPont de Nemours’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.75 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Monday, February 27th. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.33. DuPont de Nemours’s dividend payout ratio (DPR) is currently 12.08%.

Analyst Upgrades and Downgrades

DD has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of DuPont de Nemours from $71.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 8th. Morgan Stanley raised their target price on shares of DuPont de Nemours from $72.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, February 9th. Citigroup raised their target price on shares of DuPont de Nemours from $82.00 to $89.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Finally, Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.14.

About DuPont de Nemours

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DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Corporate & Others. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.