DuPont de Nemours, Inc. (NYSE:DD) Stock Position Reduced by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,330 shares of the basic materials company’s stock after selling 1,586 shares during the period. Maryland State Retirement & Pension System’s holdings in DuPont de Nemours were worth $1,703,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Xponance Inc. lifted its holdings in DuPont de Nemours by 3.2% during the 4th quarter. Xponance Inc. now owns 59,785 shares of the basic materials company’s stock worth $4,559,000 after buying an additional 1,861 shares during the last quarter. Boston Partners lifted its holdings in DuPont de Nemours by 32.7% during the 4th quarter. Boston Partners now owns 2,213,133 shares of the basic materials company’s stock worth $168,759,000 after buying an additional 545,087 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in DuPont de Nemours during the 4th quarter worth approximately $3,426,000. Thrivent Financial for Lutherans raised its position in shares of DuPont de Nemours by 243.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 209,142 shares of the basic materials company’s stock worth $15,982,000 after purchasing an additional 148,270 shares during the period. Finally, Retirement Planning Co of New England Inc. raised its position in shares of DuPont de Nemours by 2.5% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 7,339 shares of the basic materials company’s stock worth $560,000 after purchasing an additional 176 shares during the period. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DD shares. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research report on Friday, January 17th. BMO Capital Markets increased their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Citigroup increased their price target on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, UBS Group increased their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Down 2.2 %

DD opened at $75.25 on Friday. DuPont de Nemours, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock has a market cap of $31.46 billion, a P/E ratio of 45.06, a P/E/G ratio of 2.15 and a beta of 1.29. The stock’s 50 day moving average price is $78.46 and its 200 day moving average price is $80.91.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.18%. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

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.