Louisiana State Employees Retirement System Invests $2 Million in DuPont de Nemours, Inc. (NYSE:DD)

Louisiana State Employees Retirement System purchased a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,000 shares of the basic materials company's stock, valued at approximately $2,000,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Lido Advisors LLC lifted its position in shares of DuPont de Nemours by 10.4% in the third quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company's stock worth $1,270,000 after buying an additional 1,609 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $1,859,000. Premier Path Wealth Partners LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $1,031,000. Axxcess Wealth Management LLC increased its position in DuPont de Nemours by 424.0% in the third quarter. Axxcess Wealth Management LLC now owns 28,568 shares of the basic materials company's stock worth $2,131,000 after purchasing an additional 23,116 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in DuPont de Nemours by 60.6% during the fourth quarter. Pacer Advisors Inc. now owns 46,599 shares of the basic materials company's stock valued at $3,585,000 after purchasing an additional 17,592 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on DD shares. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday, April 11th. Barclays dropped their target price on DuPont de Nemours from $74.00 to $70.00 and set an "equal weight" rating for the company in a research report on Monday, February 12th. Wolfe Research assumed coverage on DuPont de Nemours in a report on Friday, March 1st. They issued a "peer perform" rating on the stock. Mizuho dropped their price objective on DuPont de Nemours from $80.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, February 7th. Finally, BMO Capital Markets lowered 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $77.90.

DuPont de Nemours Stock Performance

DD stock traded up $0.44 during midday trading on Thursday, reaching $73.53. The stock had a trading volume of 1,889,573 shares, compared to its average volume of 3,104,030. The firm has a fifty day simple moving average of $72.53 and a two-hundred day simple moving average of $72.13. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $78.74. 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 stock has a market cap of $30.74 billion, a PE ratio of 79.07, a P/E/G ratio of 2.40 and a beta of 1.40.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business had revenue of $2.90 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same period in the previous year, the business posted $0.89 EPS. The business's quarterly revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.48 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.07%. DuPont de Nemours's dividend payout ratio (DPR) is presently 163.44%.

Insider Activity

In related news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now owns 15,587 shares of the company's stock, valued at approximately $1,134,733.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.56% of the company's stock.

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.