DuPont de Nemours, Inc. $DD Shares Bought by State of Michigan Retirement System

State of Michigan Retirement System raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 4.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 118,794 shares of the basic materials company’s stock after acquiring an additional 5,400 shares during the period. State of Michigan Retirement System’s holdings in DuPont de Nemours were worth $8,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DD. Concurrent Investment Advisors LLC raised its stake in shares of DuPont de Nemours by 85.3% in the 1st quarter. Concurrent Investment Advisors LLC now owns 31,153 shares of the basic materials company’s stock valued at $2,327,000 after acquiring an additional 14,343 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of DuPont de Nemours by 15.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 756,907 shares of the basic materials company’s stock valued at $56,526,000 after acquiring an additional 99,667 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of DuPont de Nemours by 3.4% in the 1st quarter. Stratos Wealth Partners LTD. now owns 9,582 shares of the basic materials company’s stock valued at $716,000 after acquiring an additional 311 shares during the period. Principal Financial Group Inc. raised its stake in shares of DuPont de Nemours by 4.2% in the 1st quarter. Principal Financial Group Inc. now owns 503,749 shares of the basic materials company’s stock valued at $37,620,000 after acquiring an additional 20,171 shares during the period. Finally, Brown Advisory Inc. raised its stake in shares of DuPont de Nemours by 4.0% in the 1st quarter. Brown Advisory Inc. now owns 306,192 shares of the basic materials company’s stock valued at $22,866,000 after acquiring an additional 11,789 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DuPont de Nemours

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

DuPont de Nemours Price Performance

Shares of DD opened at $34.71 on Tuesday. DuPont de Nemours, Inc. has a fifty-two week low of $33.33 and a fifty-two week high of $87.80. The firm’s 50 day moving average price is $77.39 and its 200 day moving average price is $72.63. The company has a market cap of $14.53 billion, a P/E ratio of -73.85, a PEG ratio of 2.49 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. BMO Capital Markets reduced their price target on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday. Mizuho boosted their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada upped their target price on shares of DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.92.

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.