Maryland State Retirement & Pension System Grows Position in DuPont de Nemours, Inc. $DD

Maryland State Retirement & Pension System grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,345 shares of the basic materials company’s stock after acquiring an additional 796 shares during the quarter. Maryland State Retirement & Pension System’s holdings in DuPont de Nemours were worth $1,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DD. Vanguard Group Inc. grew its holdings in shares of DuPont de Nemours by 0.6% during the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock worth $3,502,090,000 after buying an additional 298,408 shares during the last quarter. Nuveen LLC purchased a new stake in shares of DuPont de Nemours during the first quarter worth approximately $531,037,000. Price T Rowe Associates Inc. MD raised its stake in shares of DuPont de Nemours by 21.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock worth $310,656,000 after purchasing an additional 746,364 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of DuPont de Nemours by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company’s stock worth $249,961,000 after purchasing an additional 37,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in DuPont de Nemours by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company’s stock valued at $238,200,000 after buying an additional 83,147 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DD. UBS Group boosted their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Weiss Ratings restated a “hold (c-)” rating on shares of DuPont de Nemours in a research report on Wednesday. Mizuho increased their target price on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Royal Bank Of Canada reissued an “outperform” rating and set a $94.00 target price on shares of DuPont de Nemours in a research note on Friday, September 19th. Finally, Citigroup upped their price objective on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus price target of $88.33.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $77.17, for a total value of $3,334,361.36. Following the sale, the senior vice president directly owned 38,585 shares in the company, valued at $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 74,208 shares of company stock valued at $5,714,861 in the last quarter. 0.61% of the stock is owned by corporate insiders.

DuPont de Nemours Stock Performance

Shares of DD opened at $73.82 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $76.02 and a two-hundred day moving average of $71.02. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $87.80. The stock has a market cap of $30.91 billion, a P/E ratio of -157.06, a PEG ratio of 2.13 and a beta of 1.08.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 earnings per share for the quarter. The business had revenue of $3.02 billion during the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. As a group, research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Company 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.