DuPont de Nemours, Inc. $DD Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,100 shares of the basic materials company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in DuPont de Nemours were worth $1,516,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DD. Nuveen LLC acquired a new position in DuPont de Nemours during the 1st quarter valued at approximately $531,037,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of DuPont de Nemours by 21.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock valued at $310,656,000 after acquiring an additional 746,364 shares during the last quarter. Strs Ohio purchased a new stake in shares of DuPont de Nemours in the 1st quarter valued at $54,934,000. Valeo Financial Advisors LLC boosted its holdings in shares of DuPont de Nemours by 9,614.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company’s stock valued at $42,845,000 after acquiring an additional 618,229 shares during the last quarter. Finally, Drummond Knight Asset Management Pty Ltd purchased a new stake in shares of DuPont de Nemours in the 1st quarter valued at $25,307,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $73.82 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The company has a market capitalization of $30.91 billion, a PE ratio of -157.06, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $87.80. The company’s fifty day moving average price is $76.02 and its 200 day moving average price is $70.98.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. The business had revenue of $3.02 billion for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. On average, research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DD has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, July 14th. BMO Capital Markets dropped their price objective on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a report on Friday, September 19th. Mizuho upped their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. Finally, KeyCorp upped their price objective on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.33.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the transaction, the senior vice president directly owned 38,585 shares of the company’s stock, valued at $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 74,208 shares of company stock worth $5,714,861 over the last quarter. Company insiders own 0.61% of the company’s stock.

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.