Retirement Systems of Alabama Cuts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Retirement Systems of Alabama reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 386,615 shares of the basic materials company’s stock after selling 945 shares during the quarter. Retirement Systems of Alabama owned 0.09% of DuPont de Nemours worth $29,479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Czech National Bank raised its position in shares of DuPont de Nemours by 6.7% in the 3rd quarter. Czech National Bank now owns 85,048 shares of the basic materials company’s stock worth $7,579,000 after acquiring an additional 5,374 shares in the last quarter. GAMMA Investing LLC raised its position in shares of DuPont de Nemours by 74.3% in the 3rd quarter. GAMMA Investing LLC now owns 9,290 shares of the basic materials company’s stock worth $828,000 after acquiring an additional 3,960 shares in the last quarter. Axiom Advisory LLC raised its position in shares of DuPont de Nemours by 2.3% in the 3rd quarter. Axiom Advisory LLC now owns 6,784 shares of the basic materials company’s stock worth $605,000 after acquiring an additional 153 shares in the last quarter. Atomi Financial Group Inc. raised its position in shares of DuPont de Nemours by 5.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,295 shares of the basic materials company’s stock worth $1,007,000 after acquiring an additional 591 shares in the last quarter. Finally, Brookstone Capital Management raised its position in shares of DuPont de Nemours by 7.4% in the 3rd quarter. Brookstone Capital Management now owns 89,292 shares of the basic materials company’s stock worth $7,957,000 after acquiring an additional 6,122 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DD has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Citigroup cut their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. BMO Capital Markets cut their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Barclays upped their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours Stock Performance

Shares of DD opened at $77.15 on Thursday. The business’s fifty day simple moving average is $78.01 and its two-hundred day simple moving average is $81.13. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 12 month low of $63.62 and a 12 month high of $90.06. The company has a market cap of $32.24 billion, a price-to-earnings ratio of 40.60, a P/E/G ratio of 1.68 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

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.