DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 695,837 shares of the basic materials company's stock after selling 53,198 shares during the quarter. California Public Employees Retirement System owned 0.17% of DuPont de Nemours worth $53,058,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours during the fourth quarter worth about $26,000. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours during the 4th quarter worth approximately $29,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at approximately $33,000. Finally, Noble Wealth Management PBC acquired a new position in shares of DuPont de Nemours in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Down 13.0 %

Shares of NYSE DD traded down $8.82 during mid-day trading on Friday, reaching $58.96. The company had a trading volume of 11,808,821 shares, compared to its average volume of 2,276,762. The firm has a 50 day simple moving average of $78.07 and a two-hundred day simple moving average of $80.54. DuPont de Nemours, Inc. has a 52-week low of $56.21 and a 52-week high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock has a market cap of $24.65 billion, a P/E ratio of 35.30, a PEG ratio of 2.15 and a beta of 1.29.

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DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.78%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours's payout ratio is presently 98.20%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DD shares. BMO Capital Markets lifted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. UBS Group lifted their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Royal Bank of Canada cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Citigroup lifted their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $99.17.

DuPont de Nemours 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.