California Public Employees Retirement System Sells 53,198 Shares of DuPont de Nemours, Inc. (NYSE:DD)

California Public Employees Retirement System lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 695,837 shares of the basic materials company's stock after selling 53,198 shares during the period. California Public Employees Retirement System owned about 0.17% of DuPont de Nemours worth $53,058,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Level Four Advisory Services LLC lifted its position in shares of DuPont de Nemours by 2.8% in the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock worth $357,000 after purchasing an additional 129 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in DuPont de Nemours by 3.2% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock valued at $323,000 after buying an additional 132 shares during the last quarter. Global Trust Asset Management LLC lifted its position in DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock worth $704,000 after buying an additional 133 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of DuPont de Nemours by 22.7% during the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock worth $57,000 after buying an additional 137 shares during the last quarter. Finally, Howard Capital Management Inc. grew its holdings in shares of DuPont de Nemours by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company's stock valued at $214,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

DD has been the topic of several analyst reports. Wolfe Research upgraded DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 15th. UBS Group raised their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price target 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. Finally, Citigroup increased their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $99.17.

DuPont de Nemours Stock Performance

DD stock traded down $8.82 during mid-day trading on Friday, hitting $58.96. 11,808,821 shares of the company were exchanged, compared to its average volume of 2,276,668. DuPont de Nemours, Inc. has a 1-year low of $56.18 and a 1-year high of $90.06. The stock has a market capitalization of $24.65 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The business has a 50 day simple moving average of $77.71 and a 200-day simple moving average of $80.35. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.78%. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's payout ratio is currently 98.20%.

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.