California Public Employees Retirement System Sells 46,895 Shares of DuPont de Nemours, Inc. (NYSE:DD)

California Public Employees Retirement System trimmed its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 852,547 shares of the basic materials company's stock after selling 46,895 shares during the period. California Public Employees Retirement System owned 0.20% of DuPont de Nemours worth $65,586,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Peoples Bank KS acquired a new position in DuPont de Nemours during the 3rd quarter valued at $25,000. Carmel Capital Partners LLC acquired a new position in DuPont de Nemours during the 3rd quarter valued at $36,000. Grove Bank & Trust raised its stake in DuPont de Nemours by 55.1% during the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 188 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in DuPont de Nemours during the 4th quarter valued at $41,000. Finally, Arlington Trust Co LLC acquired a new position in DuPont de Nemours during the 4th quarter valued at $44,000. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DD. Wolfe Research began coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a "peer perform" rating for the company. Bank of America cut shares of DuPont de Nemours from a "buy" rating to an "underperform" rating and increased their price objective for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. JPMorgan Chase & Co. increased their price objective on shares of DuPont de Nemours from $76.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, March 22nd. Barclays dropped their price objective on shares of DuPont de Nemours from $74.00 to $70.00 and set an "equal weight" rating for the company in a research note on Monday, February 12th. Finally, Citigroup increased their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th. 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $77.90.

DuPont de Nemours Price Performance

NYSE:DD traded up $0.21 during mid-day trading on Friday, reaching $73.71. 2,144,784 shares of the company were exchanged, compared to its average volume of 3,002,583. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $78.74. The company has a fifty day moving average of $73.23 and a 200 day moving average of $72.12. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The stock has a market cap of $30.82 billion, a PE ratio of 79.26, a PEG ratio of 2.42 and a beta of 1.40.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data 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. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The company's revenue was down 6.6% on a year-over-year basis. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal 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 paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours's dividend payout ratio (DPR) is presently 163.44%.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of the firm's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now owns 15,587 shares of the company's stock, valued at approximately $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.56% of the company's stock.

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.