Kentucky Retirement Systems Lowers Stake in DuPont de Nemours, Inc. (NYSE:DD)

Kentucky Retirement Systems lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,664 shares of the basic materials company’s stock after selling 1,744 shares during the quarter. Kentucky Retirement Systems’ holdings in DuPont de Nemours were worth $2,504,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Northwest Financial Advisors purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at about $25,000. Palisade Asset Management LLC purchased a new position in shares of DuPont de Nemours in the first quarter valued at about $25,000. ESL Trust Services LLC purchased a new position in shares of DuPont de Nemours in the first quarter valued at about $26,000. LifeSteps Financial Inc. purchased a new position in shares of DuPont de Nemours in the first quarter valued at about $28,000. Finally, Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours in the first quarter valued at about $33,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

DD has been the topic of a number of research reports. Barclays lifted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Mizuho lifted their target price on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their target price for the company from $78.00 to $101.00 in a research note on Friday, May 17th. Finally, UBS Group boosted their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.00.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the sale, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the transaction, the insider now directly owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the company’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 of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

DuPont de Nemours Stock Performance

Shares of DD traded up $0.44 during mid-day trading on Monday, hitting $80.62. 342,015 shares of the company traded hands, compared to its average volume of 2,757,937. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The stock has a 50-day moving average price of $80.21 and a two-hundred day moving average price of $75.23. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $82.63. The stock has a market cap of $33.71 billion, a price-to-earnings ratio of 98.16, a P/E/G ratio of 2.50 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

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.