DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.5% during the fourth quarter, Holdings Channel reports. The firm owned 147,007 shares of the basic materials company’s stock after selling 3,742 shares during the period. State of New Jersey Common Pension Fund D’s holdings in DuPont de Nemours were worth $11,209,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its stake in DuPont de Nemours by 431.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after acquiring an additional 859,333 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares during the period. Zacks Investment Management acquired a new stake in DuPont de Nemours during the 3rd quarter worth approximately $42,810,000. Two Sigma Advisers LP raised its holdings in DuPont de Nemours by 48.3% in the third quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock valued at $126,171,000 after buying an additional 461,400 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in DuPont de Nemours by 164.9% during the third quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock valued at $63,983,000 after buying an additional 446,948 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DD has been the subject of a number of research reports. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Morgan Stanley increased their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. reduced their price target on 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. Citigroup increased their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Price Performance

DD opened at $83.31 on Tuesday. The stock has a fifty day moving average price of $77.58 and a 200 day moving average price of $81.12. 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 1 year low of $67.70 and a 1 year high of $90.06. The stock has a market cap of $34.82 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 1.70 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. Analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

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.