Teacher Retirement System of Texas Sells 323,121 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Teacher Retirement System of Texas cut its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 49.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 323,955 shares of the basic materials company's stock after selling 323,121 shares during the period. Teacher Retirement System of Texas owned about 0.08% of DuPont de Nemours worth $24,193,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd increased its stake in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $28,000. JNBA Financial Advisors increased its position in shares of DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 216 shares during the last quarter. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $31,000. Finally, Valley National Advisers Inc. raised its holdings in DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after buying an additional 248 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 1.2%

DD opened at $73.80 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The stock's fifty day moving average is $67.96 and its two-hundred day moving average is $72.14. The company has a market capitalization of $30.89 billion, a P/E ratio of -388.42, a PEG ratio of 2.07 and a beta of 1.04. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating 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 firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the firm posted $0.79 earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.22%. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

Analysts Set New Price Targets

DD has been the subject of several recent analyst reports. Citigroup lifted their price objective on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday. Barclays dropped their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company cut their price target on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, UBS Group boosted their target price on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $86.77.

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.

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