New York State Teachers Retirement System Decreases Stake in DuPont de Nemours, Inc. (NYSE:DD)

New York State Teachers Retirement System trimmed its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 290,214 shares of the basic materials company's stock after selling 12,301 shares during the quarter. New York State Teachers Retirement System owned 0.07% of DuPont de Nemours worth $21,673,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DD. Aster Capital Management DIFC Ltd increased its stake in DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after purchasing an additional 302 shares during the period. Vermillion Wealth Management Inc. bought a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $28,000. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $31,000. Covestor Ltd raised its holdings in DuPont de Nemours by 78.8% during the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock valued at $34,000 after buying an additional 197 shares during the last quarter. Finally, Pinney & Scofield Inc. bought a new stake in DuPont de Nemours during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DD shares. Morgan Stanley decreased their price objective on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Mizuho decreased their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price target for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, KeyCorp upped their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average price target of $86.77.

DuPont de Nemours Stock Up 1.2%

DD stock traded up $0.85 on Thursday, reaching $73.80. 1,194,854 shares of the company traded hands, compared to its average volume of 2,425,902. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The firm has a fifty day simple moving average of $67.81 and a 200-day simple moving average of $72.18. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The company has a market cap of $30.88 billion, a P/E ratio of -389.00, a price-to-earnings-growth ratio of 2.03 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. During the same quarter in the previous year, the firm earned $0.79 EPS. DuPont de Nemours's quarterly revenue was up 4.6% compared to the same quarter last year. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's payout ratio is -863.16%.

DuPont de Nemours Company 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.