DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 6.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 387,560 shares of the basic materials company's stock after selling 28,635 shares during the period. Retirement Systems of Alabama owned about 0.09% of DuPont de Nemours worth $34,535,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Zurich Insurance Group Ltd FI acquired a new stake in DuPont de Nemours in the 2nd quarter valued at about $83,540,000. Renaissance Technologies LLC purchased a new stake in shares of DuPont de Nemours in the second quarter valued at about $67,665,000. Franklin Resources Inc. grew its position in shares of DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock valued at $556,751,000 after purchasing an additional 570,703 shares during the last quarter. Ceredex Value Advisors LLC increased its stake in shares of DuPont de Nemours by 95.0% during the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company's stock worth $93,784,000 after purchasing an additional 567,732 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in shares of DuPont de Nemours during the 3rd quarter worth approximately $42,810,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Down 0.9 %

Shares of DD stock traded down $0.72 on Friday, reaching $80.84. 1,364,055 shares of the stock were exchanged, compared to its average volume of 2,445,549. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The stock has a market cap of $33.79 billion, a P/E ratio of 42.54, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $83.71 and a two-hundred day moving average of $82.12.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The firm's revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Friday, November 29th. DuPont de Nemours's payout ratio is currently 80.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley raised their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. StockNews.com lowered shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Tuesday. Barclays raised their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $95.42.

DuPont de Nemours Company 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.