DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,964 shares of the basic materials company's stock after selling 34,385 shares during the period. New York State Teachers Retirement System owned 0.09% of DuPont de Nemours worth $28,769,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Peoples Bank KS bought a new stake in shares of DuPont de Nemours in the 3rd quarter worth approximately $25,000. Cornerstone Planning Group LLC purchased a new stake in shares of DuPont de Nemours in the 2nd quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of DuPont de Nemours in the 1st quarter worth about $26,000. Carmel Capital Partners LLC purchased a new stake in shares of DuPont de Nemours in the 3rd quarter worth about $36,000. Finally, Indiana Trust & Investment Management CO purchased a new stake in shares of DuPont de Nemours in the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the transaction, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $76.31 on Tuesday. The company has a market capitalization of $31.87 billion, a PE ratio of 82.05, a P/E/G ratio of 2.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The company has a 50-day simple moving average of $70.80 and a two-hundred day simple moving average of $72.06. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $78.74.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm's revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. Research analysts expect that DuPont de Nemours, Inc. will post 3.48 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.38 dividend. The ex-dividend date was Wednesday, February 28th. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.99%. DuPont de Nemours's payout ratio is currently 163.44%.

Analyst Upgrades and Downgrades

DD has been the topic of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Barclays cut their price objective on shares of DuPont de Nemours from $74.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Monday, February 12th. TheStreet downgraded shares of DuPont de Nemours from a "b-" rating to a "c" rating in a research report on Tuesday, February 6th. Mizuho lowered their target price on shares of DuPont de Nemours from $80.00 to $76.00 and set a "buy" rating on the stock in a research note on Wednesday, February 7th. Finally, BMO Capital Markets cut shares of DuPont de Nemours from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $76.60.

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.