California State Teachers Retirement System Reduces Position in DuPont de Nemours, Inc. (NYSE:DD)

California State Teachers Retirement System decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 626,800 shares of the basic materials company's stock after selling 49,672 shares during the quarter. California State Teachers Retirement System owned about 0.15% of DuPont de Nemours worth $47,794,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Choreo LLC boosted its holdings in DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company's stock worth $3,296,000 after acquiring an additional 8,205 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in DuPont de Nemours during the 4th quarter worth $1,343,000. Grandfield & Dodd LLC grew its stake in shares of DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock worth $575,000 after purchasing an additional 3,155 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock valued at $218,730,000 after purchasing an additional 91,108 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of DuPont de Nemours by 7.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 65,616 shares of the basic materials company's stock valued at $5,003,000 after purchasing an additional 4,288 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Price Performance

NYSE DD traded down $2.20 during midday trading on Friday, hitting $66.78. The company had a trading volume of 4,732,197 shares, compared to its average volume of 2,416,471. The firm has a 50-day moving average price of $65.86 and a 200-day moving average price of $74.36. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $27.95 billion, a PE ratio of 39.99, a P/E/G ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. DuPont de Nemours's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.46%. DuPont de Nemours's payout ratio is presently -863.16%.

Wall Street Analysts Forecast Growth

DD has been the subject of several analyst reports. UBS Group upped their target price on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. BMO Capital Markets raised their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Royal Bank of Canada dropped their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. KeyCorp upped their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Mizuho lowered their price objective on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.92.

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.