Retirement Systems of Alabama Sells 104,686 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Retirement Systems of Alabama cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 438,112 shares of the basic materials company's stock after selling 104,686 shares during the period. Retirement Systems of Alabama owned approximately 0.10% of DuPont de Nemours worth $33,704,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DD. Peoples Bank KS bought a new position in shares of DuPont de Nemours in the third quarter valued at approximately $25,000. Carmel Capital Partners LLC bought a new position in DuPont de Nemours during the 3rd quarter valued at $36,000. AlphaMark Advisors LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at $41,000. Grove Bank & Trust lifted its holdings in shares of DuPont de Nemours by 55.1% in the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company's stock valued at $41,000 after buying an additional 188 shares during the period. Finally, Arlington Trust Co LLC bought a new position in DuPont de Nemours during the fourth quarter valued at about $44,000. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup increased their target price 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. Barclays decreased their target price on DuPont de Nemours from $74.00 to $70.00 and set an "equal weight" rating on the stock in a report on Monday, February 12th. Bank of America downgraded DuPont de Nemours from a "buy" rating to an "underperform" rating and upped their target price for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their price target on DuPont de Nemours from $76.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, March 22nd. Finally, TheStreet lowered shares of DuPont de Nemours from a "b-" rating to a "c" rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $77.90.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the 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 completion of the sale, the insider now directly 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 SEC, which is available through the SEC website. Company insiders own 0.56% of the company's stock.

DuPont de Nemours Stock Up 0.2 %

Shares of DD traded up $0.18 during mid-day trading on Monday, hitting $73.89. 2,238,277 shares of the company's stock were exchanged, compared to its average volume of 2,995,135. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74. The firm has a fifty day moving average of $73.34 and a two-hundred day moving average of $72.04. The stock has a market cap of $30.89 billion, a price-to-earnings ratio of 79.45, a P/E/G 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, beating analysts' consensus estimates of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business 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 posted $0.89 EPS. The firm's revenue for the quarter was down 6.6% on a year-over-year basis. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 2.06%. DuPont de Nemours's payout ratio is 163.44%.

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.