Kentucky Retirement Systems Insurance Trust Fund Acquires New Stake in DuPont de Nemours, Inc. (NYSE:DD)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,161 shares of the basic materials company's stock, valued at approximately $908,000.

A number of other institutional investors also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd raised its holdings in DuPont de Nemours by 479.4% in the fourth 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 in the last quarter. Vermillion Wealth Management Inc. bought a new position in shares of DuPont de Nemours in the 4th quarter worth about $28,000. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours in the 4th quarter worth about $31,000. Covestor Ltd lifted its position 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 acquiring an additional 197 shares during the period. Finally, Noble Wealth Management PBC bought a new stake in DuPont de Nemours during the fourth quarter worth about $35,000. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on DD. Mizuho decreased their target price on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. UBS Group upped their price target on DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley dropped their target price on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Finally, Wall Street Zen downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $85.92.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded down $0.38 during midday trading on Friday, reaching $68.90. 2,570,400 shares of the company's stock traded hands, compared to its average volume of 2,429,265. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. 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 $28.84 billion, a price-to-earnings ratio of -362.64, a P/E/G ratio of 1.93 and a beta of 1.05. The stock has a 50 day moving average of $67.08 and a 200 day moving average of $72.49.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The business 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%. DuPont de Nemours's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio is currently -863.16%.

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.