Public Employees Retirement Association of Colorado Sells 7,120 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Public Employees Retirement Association of Colorado decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 10.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,856 shares of the basic materials company’s stock after selling 7,120 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in DuPont de Nemours were worth $4,589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DD. Northwest Financial Advisors bought a new position in shares of DuPont de Nemours during the fourth quarter valued at $25,000. Palisade Asset Management LLC bought a new stake in DuPont de Nemours in the 1st quarter worth about $25,000. ESL Trust Services LLC purchased a new position in DuPont de Nemours in the first quarter worth about $26,000. LifeSteps Financial Inc. purchased a new position in DuPont de Nemours in the first quarter worth about $28,000. Finally, Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the first quarter worth about $33,000. 73.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction 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 transaction, the insider now owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Barclays lifted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $101.00 in a research report on Friday, May 17th. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, UBS Group boosted their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $91.00.

DuPont de Nemours Trading Up 0.8 %

Shares of NYSE DD traded up $0.67 during trading hours on Monday, hitting $80.85. 769,146 shares of the company traded hands, compared to its average volume of 2,760,903. The stock has a market capitalization of $33.80 billion, a price-to-earnings ratio of 98.16, a price-to-earnings-growth ratio of 2.50 and a beta of 1.34. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average price is $80.21 and its 200 day moving average price is $75.23. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $82.63.

DuPont de Nemours (NYSE:DD) last released its earnings results 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. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

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.