Teacher Retirement System of Texas Purchases 554,880 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Teacher Retirement System of Texas raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 601.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 647,076 shares of the basic materials company's stock after buying an additional 554,880 shares during the period. Teacher Retirement System of Texas owned about 0.15% of DuPont de Nemours worth $49,340,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

DD has been the topic of several research analyst reports. Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Citigroup lifted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company cut their price target on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Three investment 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $99.17.

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DuPont de Nemours Stock Performance

DD traded down $0.61 during trading on Tuesday, reaching $76.46. 1,895,504 shares of the company's stock were exchanged, compared to its average volume of 2,103,284. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The company has a market capitalization of $31.96 billion, a P/E ratio of 45.78, a PEG ratio of 2.15 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $78.51 and a 200 day moving average price of $80.86.

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

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.41 dividend. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.14%. DuPont de Nemours's payout ratio is currently 98.20%.

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.