DuPont de Nemours, Inc. (NYSE:DD) Position Boosted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,335 shares of the basic materials company's stock after purchasing an additional 21,979 shares during the quarter. Public Employees Retirement System of Ohio's holdings in DuPont de Nemours were worth $15,047,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC grew its holdings in DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock valued at $357,000 after purchasing an additional 129 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of DuPont de Nemours by 3.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock valued at $323,000 after acquiring an additional 132 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of DuPont de Nemours by 22.7% during the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock valued at $57,000 after acquiring an additional 137 shares in the last quarter. Hancock Whitney Corp increased its position in shares of DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock worth $429,000 after acquiring an additional 143 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its stake in shares of DuPont de Nemours by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company's stock worth $214,000 after acquiring an additional 144 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded down $2.05 during midday trading on Friday, hitting $66.53. The company's stock had a trading volume of 1,558,366 shares, compared to its average volume of 2,409,643. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The firm's fifty day moving average price is $66.05 and its 200-day moving average price is $74.59. The firm has a market cap of $27.84 billion, a P/E ratio of 39.83, a P/E/G ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The company 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business 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. This represents a $1.64 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's payout ratio is -863.16%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank of Canada lowered their price objective on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Morgan Stanley decreased their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. UBS Group upped their price target on shares of DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, KeyCorp boosted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average target price of $85.92.

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.