Teacher Retirement System of Texas Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Teacher Retirement System of Texas raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 601.8% during the fourth quarter, HoldingsChannel reports. The firm owned 647,076 shares of the basic materials company’s stock after purchasing an additional 554,880 shares during the period. Teacher Retirement System of Texas’ holdings in DuPont de Nemours were worth $49,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth $29,000. Vision Financial Markets LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth $31,000. Golden State Wealth Management LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth $33,000. Finally, Noble Wealth Management PBC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on DD shares. Royal Bank of Canada reduced their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. UBS Group lifted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Citigroup lifted their price target on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Stock Performance

NYSE DD opened at $76.94 on Friday. The company has a market cap of $32.16 billion, a P/E ratio of 46.07, a P/E/G ratio of 2.15 and a beta of 1.29. 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 50-day moving average of $78.40 and a two-hundred day moving average of $80.97. DuPont de Nemours, Inc. has a 1-year low of $72.38 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.41 dividend. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.13%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s payout ratio is currently 98.20%.

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.