California State Teachers Retirement System Sells 47,298 Shares of DuPont de Nemours, Inc. (NYSE:DD)

California State Teachers Retirement System trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Get Rating) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 841,458 shares of the basic materials company’s stock after selling 47,298 shares during the quarter. California State Teachers Retirement System’s holdings in DuPont de Nemours were worth $42,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in DuPont de Nemours by 10.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 330,614 shares of the basic materials company’s stock worth $16,663,000 after purchasing an additional 31,943 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of DuPont de Nemours by 1.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 212,353 shares of the basic materials company’s stock valued at $10,798,000 after acquiring an additional 2,633 shares in the last quarter. SG Americas Securities LLC boosted its stake in DuPont de Nemours by 159.4% during the third quarter. SG Americas Securities LLC now owns 56,089 shares of the basic materials company’s stock worth $2,827,000 after acquiring an additional 34,465 shares in the last quarter. CIBC Asset Management Inc grew its holdings in DuPont de Nemours by 7.2% in the third quarter. CIBC Asset Management Inc now owns 71,255 shares of the basic materials company’s stock worth $3,591,000 after purchasing an additional 4,806 shares during the period. Finally, D.A. Davidson & CO. increased its stake in DuPont de Nemours by 2.3% in the third quarter. D.A. Davidson & CO. now owns 37,864 shares of the basic materials company’s stock valued at $1,909,000 after purchasing an additional 859 shares in the last quarter. 71.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DD shares. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Citigroup raised their price objective on DuPont de Nemours from $82.00 to $89.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft increased their target price on DuPont de Nemours from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, February 9th. Barclays boosted their price target on shares of DuPont de Nemours from $71.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. Finally, Wells Fargo & Company raised their price objective on shares of DuPont de Nemours from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.14.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $67.55 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.02 and a quick ratio of 2.40. The firm has a 50-day moving average of $73.53 and a 200-day moving average of $65.85. DuPont de Nemours, Inc. has a one year low of $49.52 and a one year high of $78.98. The company has a market cap of $30.96 billion, a P/E ratio of 5.67, a P/E/G ratio of 2.12 and a beta of 1.42.

DuPont de Nemours (NYSE:DD – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The basic materials company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. DuPont de Nemours had a net margin of 44.54% and a return on equity of 6.45%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the firm posted $1.08 EPS. The firm’s quarterly revenue was down 27.9% compared to the same quarter last year. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.75 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were issued a dividend of $0.36 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Monday, February 27th. DuPont de Nemours’s dividend payout ratio (DPR) is 12.08%.

About DuPont de Nemours

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DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Corporate & Others. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.