DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,759 shares of the basic materials company’s stock after selling 1,300 shares during the period. Maryland State Retirement & Pension System’s holdings in DuPont de Nemours were worth $2,457,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in DuPont de Nemours by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after purchasing an additional 3,168,740 shares during the last quarter. Putnam Investments LLC increased its position in DuPont de Nemours by 3.2% in the 4th quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock valued at $399,784,000 after acquiring an additional 159,438 shares during the period. Dimensional Fund Advisors LP raised its stake in DuPont de Nemours by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock valued at $200,192,000 after acquiring an additional 101,203 shares during the last quarter. Norges Bank acquired a new stake in DuPont de Nemours during the 4th quarter worth approximately $111,980,000. Finally, Strs Ohio grew its stake in shares of DuPont de Nemours by 2.1% in the 4th quarter. Strs Ohio now owns 995,743 shares of the basic materials company’s stock valued at $76,602,000 after purchasing an additional 20,101 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $78.99 on Friday. The stock has a market cap of $33.03 billion, a PE ratio of 96.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.34. The business’s fifty day moving average price is $79.49 and its two-hundred day moving average price is $74.82. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $82.63. 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 (NYSE:DDGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts forecast that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the sale, the insider now directly owns 14,012 shares in the company, valued at approximately $1,097,559.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael G. Goss sold 1,339 shares of the 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 sale, the insider now directly owns 14,012 shares in the company, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DD. JPMorgan Chase & Co. increased their price target on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. UBS Group raised their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price target for the company from $78.00 to $101.00 in a research note on Friday, May 17th. Finally, Barclays raised their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.09.

View Our Latest Analysis on DuPont de Nemours

About DuPont de Nemours

(Free Report)

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.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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