Louisiana State Employees Retirement System Acquires New Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Louisiana State Employees Retirement System acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,000 shares of the basic materials company’s stock, valued at approximately $2,000,000.

A number of other large investors have also recently added to or reduced their stakes in DD. Fairfield Bush & CO. acquired a new stake in DuPont de Nemours in the 1st quarter valued at about $50,000. United Bank boosted its stake in shares of DuPont de Nemours by 7.6% during the 1st quarter. United Bank now owns 11,482 shares of the basic materials company’s stock worth $845,000 after purchasing an additional 810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of DuPont de Nemours during the first quarter worth about $195,000. Blair William & Co. IL grew its holdings in shares of DuPont de Nemours by 0.9% during the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock worth $6,964,000 after buying an additional 866 shares in the last quarter. Finally, Prudential PLC purchased a new stake in shares of DuPont de Nemours during the first quarter worth about $821,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

DuPont de Nemours Price Performance

DD opened at $73.08 on Thursday. The stock has a market capitalization of $30.55 billion, a PE ratio of 78.58, a P/E/G ratio of 2.43 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $78.74. The company’s 50 day simple moving average is $72.40 and its 200 day simple moving average is $72.12.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. DuPont de Nemours’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.48 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.08%. DuPont de Nemours’s dividend payout ratio (DPR) is 163.44%.

Analyst Ratings Changes

DD has been the subject of a number of recent research reports. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Bank of America downgraded shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and lifted their price target for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Barclays lowered their price target on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $77.90.

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.