State of New Jersey Common Pension Fund D Cuts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

State of New Jersey Common Pension Fund D lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 147,007 shares of the basic materials company’s stock after selling 3,742 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in DuPont de Nemours were worth $11,209,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hager Investment Management Services LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth about $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at approximately $33,000. R Squared Ltd acquired a new stake in DuPont de Nemours during the fourth quarter worth approximately $37,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter worth approximately $38,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $83.31 on Tuesday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $77.58 and a 200-day simple moving average of $81.12. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 43.85, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. DuPont de Nemours, Inc. has a 12-month low of $67.70 and a 12-month high of $90.06.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DD shares. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Wells Fargo & Company dropped 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 research note on Wednesday, February 12th. Citigroup increased their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.75.

DuPont de Nemours 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.