DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,356 shares of the basic materials company’s stock after selling 6,244 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in DuPont de Nemours were worth $15,626,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DD. Jennison Associates LLC increased its stake in DuPont de Nemours by 2.0% during the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after buying an additional 9,730 shares during the period. Appian Way Asset Management LP purchased a new stake in shares of DuPont de Nemours during the second quarter worth about $2,978,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of DuPont de Nemours by 42.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 92,611 shares of the basic materials company’s stock worth $7,454,000 after acquiring an additional 27,476 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in DuPont de Nemours by 38.4% in the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after purchasing an additional 10,012 shares during the last quarter. Finally, KBC Group NV grew its stake in DuPont de Nemours by 17.6% during the 3rd quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock valued at $6,573,000 after purchasing an additional 11,019 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $82.05 on Wednesday. The stock has a 50 day simple moving average of $84.07 and a 200-day simple moving average of $82.12. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The company has a market cap of $34.29 billion, a PE ratio of 43.18, a P/E/G ratio of 2.01 and a beta of 1.34. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.85%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on DD shares. Barclays raised their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada upped their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley lifted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours 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.