Retirement Systems of Alabama Cuts Position in DuPont de Nemours, Inc. (NYSE:DD)

Retirement Systems of Alabama decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 382,611 shares of the basic materials company's stock after selling 4,004 shares during the quarter. Retirement Systems of Alabama owned about 0.09% of DuPont de Nemours worth $28,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ritholtz Wealth Management boosted its stake in DuPont de Nemours by 48.8% in the first quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock valued at $333,000 after acquiring an additional 1,464 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of DuPont de Nemours during the 4th quarter worth $1,343,000. Grandfield & Dodd LLC increased its holdings in DuPont de Nemours by 72.0% in the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock worth $575,000 after acquiring an additional 3,155 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock worth $218,730,000 after acquiring an additional 91,108 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in DuPont de Nemours by 7.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 65,616 shares of the basic materials company's stock valued at $5,003,000 after acquiring an additional 4,288 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DD. Mizuho reduced 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. Barclays cut their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Citigroup reduced their price objective on shares of 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 research report on Monday, May 5th. Finally, Royal Bank Of Canada cut their price target on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $85.92.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock traded down $0.64 during trading on Friday, hitting $66.22. The stock had a trading volume of 6,309,510 shares, compared to its average volume of 2,436,237. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The firm has a market cap of $27.71 billion, a price-to-earnings ratio of -348.55, a P/E/G ratio of 1.88 and a beta of 1.05. The business's 50-day moving average is $66.44 and its 200 day moving average is $72.82.

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

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Friday, May 30th. DuPont de Nemours's dividend payout ratio is currently -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.