Illinois Municipal Retirement Fund Trims Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Illinois Municipal Retirement Fund reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Get Rating) by 25.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,887 shares of the basic materials company’s stock after selling 5,197 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in DuPont de Nemours were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in DuPont de Nemours during the 2nd quarter valued at approximately $27,000. Evoke Wealth LLC grew its holdings in DuPont de Nemours by 84.7% during the 2nd quarter. Evoke Wealth LLC now owns 556 shares of the basic materials company’s stock valued at $31,000 after buying an additional 255 shares in the last quarter. Montag A & Associates Inc. grew its holdings in DuPont de Nemours by 76.0% during the 2nd quarter. Montag A & Associates Inc. now owns 595 shares of the basic materials company’s stock valued at $33,000 after buying an additional 257 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in DuPont de Nemours by 833.8% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 663 shares of the basic materials company’s stock valued at $33,000 after buying an additional 592 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in DuPont de Nemours during the 2nd quarter valued at approximately $41,000. 71.91% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 1.8 %

NYSE:DD opened at $75.30 on Tuesday. DuPont de Nemours, Inc. has a twelve month low of $49.52 and a twelve month high of $84.08. The company has a market cap of $37.41 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 3.59 and a beta of 1.43. The stock has a fifty day simple moving average of $70.62 and a 200-day simple moving average of $61.91. The company has a current ratio of 2.39, a quick ratio of 1.99 and a debt-to-equity ratio of 0.41.

DuPont de Nemours (NYSE:DD – Get Rating) last released its quarterly earnings data on Tuesday, November 8th. The basic materials company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.95% and a net margin of 13.02%. The firm’s quarterly revenue was down 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 earnings per share. Analysts anticipate that DuPont de Nemours, Inc. will post 3.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays cut their target price on shares of DuPont de Nemours from $64.00 to $61.00 in a report on Tuesday, October 11th. Credit Suisse Group raised their target price on shares of DuPont de Nemours from $64.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, November 9th. Argus raised their target price on shares of DuPont de Nemours from $76.00 to $81.00 in a report on Monday, November 28th. Wells Fargo & Company raised their price target on DuPont de Nemours from $60.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 9th. Finally, Citigroup raised their price target on DuPont de Nemours from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, December 15th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $76.79.

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 Mobility & Materials. 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.