DuPont de Nemours, Inc. (NYSE:DD) Stake Lessened by Arizona State Retirement System

Arizona State Retirement System decreased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 118,418 shares of the basic materials company’s stock after selling 1,462 shares during the quarter. Arizona State Retirement System’s holdings in DuPont de Nemours were worth $9,029,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth approximately $29,000. Golden State Wealth Management LLC purchased a new position in DuPont de Nemours during the fourth quarter valued at approximately $33,000. Noble Wealth Management PBC acquired a new position in DuPont de Nemours in the 4th quarter valued at approximately $35,000. Finally, R Squared Ltd purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $37,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

NYSE:DD opened at $78.67 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market cap of $32.89 billion, a PE ratio of 47.11, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 12 month low of $70.82 and a 12 month high of $90.06. The company’s 50-day moving average price is $78.12 and its two-hundred day moving average price is $81.30.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s payout ratio is currently 98.20%.

Analysts Set New Price Targets

DD has been the topic of several research analyst reports. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. BMO Capital Markets lifted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company lowered their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $99.17.

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.