Louisiana State Employees Retirement System Makes New Investment in DuPont de Nemours, Inc. (NYSE:DD)

Louisiana State Employees Retirement System purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, Holdings Channel.com reports. The fund purchased 26,000 shares of the basic materials company’s stock, valued at approximately $2,000,000.

Several other institutional investors have also recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC increased its position in shares of DuPont de Nemours by 114,597.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock worth $821,569,000 after purchasing an additional 11,960,552 shares during the last quarter. Invesco Ltd. increased its holdings in shares of DuPont de Nemours by 6.7% during the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after acquiring an additional 639,246 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of DuPont de Nemours by 19.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock worth $550,413,000 after acquiring an additional 1,261,028 shares during the last quarter. Morgan Stanley increased its holdings in shares of DuPont de Nemours by 6.9% during the 4th quarter. Morgan Stanley now owns 7,696,931 shares of the basic materials company’s stock worth $528,241,000 after acquiring an additional 498,633 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of DuPont de Nemours by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 7,279,781 shares of the basic materials company’s stock worth $404,619,000 after acquiring an additional 58,814 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE:DD opened at $73.08 on Thursday. The stock has a fifty day moving average price of $72.40 and a 200-day moving average price of $72.12. The company has a market cap of $30.55 billion, a price-to-earnings ratio of 78.58, a PEG ratio of 2.43 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.48 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.08%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 163.44%.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Barclays decreased their target price on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. BMO Capital Markets lowered DuPont de Nemours from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $80.00 to $72.00 in a report on Wednesday, January 24th. Wolfe Research initiated coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Hold” and an average price target of $77.90.

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.