Retirement Systems of Alabama Sells 945 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Retirement Systems of Alabama decreased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,615 shares of the basic materials company’s stock after selling 945 shares during the period. Retirement Systems of Alabama’s holdings in DuPont de Nemours were worth $29,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Czech National Bank grew its holdings in DuPont de Nemours by 6.7% during the third quarter. Czech National Bank now owns 85,048 shares of the basic materials company’s stock valued at $7,579,000 after purchasing an additional 5,374 shares during the period. GAMMA Investing LLC raised its stake in shares of DuPont de Nemours by 74.3% in the third quarter. GAMMA Investing LLC now owns 9,290 shares of the basic materials company’s stock worth $828,000 after buying an additional 3,960 shares during the period. Axiom Advisory LLC raised its stake in shares of DuPont de Nemours by 2.3% in the third quarter. Axiom Advisory LLC now owns 6,784 shares of the basic materials company’s stock worth $605,000 after buying an additional 153 shares during the period. Atomi Financial Group Inc. raised its stake in shares of DuPont de Nemours by 5.5% in the third quarter. Atomi Financial Group Inc. now owns 11,295 shares of the basic materials company’s stock worth $1,007,000 after buying an additional 591 shares during the period. Finally, Brookstone Capital Management raised its stake in shares of DuPont de Nemours by 7.4% in the third quarter. Brookstone Capital Management now owns 89,292 shares of the basic materials company’s stock worth $7,957,000 after buying an additional 6,122 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DD has been the topic of several recent research reports. Morgan Stanley raised their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, January 17th. Wells Fargo & Company raised their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. BMO Capital Markets decreased their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Finally, StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Stock Performance

NYSE DD opened at $77.15 on Thursday. The stock has a market capitalization of $32.24 billion, a PE ratio of 40.60, a P/E/G ratio of 1.68 and a beta of 1.34. The business has a 50 day simple moving average of $78.01 and a two-hundred day simple moving average of $81.13. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours, Inc. has a 1-year low of $63.62 and a 1-year 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 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. On average, research analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

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.