Retirement Systems of Alabama Lowers Stock Position in DuPont de Nemours, Inc. $DD

Retirement Systems of Alabama trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,464 shares of the basic materials company’s stock after selling 5,147 shares during the period. Retirement Systems of Alabama’s holdings in DuPont de Nemours were worth $25,890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DD. Vanguard Group Inc. lifted its holdings in DuPont de Nemours by 0.6% in the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock valued at $3,502,090,000 after acquiring an additional 298,408 shares during the period. Nuveen LLC purchased a new position in shares of DuPont de Nemours in the 1st quarter valued at about $531,037,000. Price T Rowe Associates Inc. MD lifted its stake in shares of DuPont de Nemours by 21.9% in the first 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 purchasing an additional 746,364 shares during the period. Bank of New York Mellon Corp boosted its holdings in DuPont de Nemours by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company’s stock worth $249,961,000 after buying an additional 37,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in DuPont de Nemours by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company’s stock worth $238,200,000 after buying an additional 83,147 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the sale, the senior vice president directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 74,208 shares of company stock valued at $5,714,861. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the subject of a number of research reports. Royal Bank Of Canada lifted their price target on shares of DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Mizuho upped their target price on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. KeyCorp upped their price target on DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Finally, BMO Capital Markets lowered their price objective on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a research report on Friday, September 19th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.42.

DuPont de Nemours Stock Down 0.9%

DD opened at $81.40 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $87.80. The stock’s 50 day moving average price is $78.15 and its 200 day moving average price is $72.48. The stock has a market cap of $34.08 billion, a P/E ratio of -173.19, a P/E/G ratio of 2.49 and a beta of 1.08.

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 for the quarter. The business had revenue of $3.02 billion during the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. As a group, research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

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.