Johnson Investment Counsel Inc. grew its holdings in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,334 shares of the basic materials company’s stock after acquiring an additional 329 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in DuPont de Nemours were worth $738,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in DD. Meitav Investment House Ltd. bought a new position in DuPont de Nemours in the second quarter valued at approximately $46,000. Metis Global Partners LLC boosted its stake in shares of DuPont de Nemours by 33.0% during the first quarter. Metis Global Partners LLC now owns 17,547 shares of the basic materials company’s stock valued at $1,259,000 after purchasing an additional 4,351 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in DuPont de Nemours by 2.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 225,849 shares of the basic materials company’s stock worth $16,209,000 after acquiring an additional 5,433 shares during the last quarter. Personal CFO Solutions LLC increased its position in DuPont de Nemours by 8.1% in the 1st quarter. Personal CFO Solutions LLC now owns 5,868 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 441 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in DuPont de Nemours by 43.1% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,809 shares of the basic materials company’s stock worth $4,130,000 after purchasing an additional 17,398 shares during the last quarter. Institutional investors and hedge funds own 76.25% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on DD. Royal Bank of Canada dropped their price target on shares of DuPont de Nemours from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. StockNews.com initiated coverage on DuPont de Nemours in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. BMO Capital Markets cut their price target on DuPont de Nemours from $83.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $73.00 price objective on shares of DuPont de Nemours in a report on Thursday, August 3rd. Finally, Citigroup reduced their target price on DuPont de Nemours from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Wednesday, October 4th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.00.
DuPont de Nemours Price Performance
Shares of NYSE DD opened at $71.22 on Monday. The stock has a market cap of $30.63 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 2.36 and a beta of 1.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.15. DuPont de Nemours, Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $78.74. The firm’s 50-day simple moving average is $72.78 and its 200 day simple moving average is $72.15.
DuPont de Nemours (NYSE:DD – Get Free Report) last issued its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.08. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.15 billion. DuPont de Nemours had a return on equity of 6.18% and a net margin of 37.49%. The business’s revenue was down 7.8% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 3.46 earnings per share for the current fiscal year.
DuPont de Nemours Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.36 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.02%. DuPont de Nemours’s payout ratio is presently 14.89%.
In other DuPont de Nemours news, SVP Raj Ratnakar sold 50,633 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $77.42, for a total value of $3,920,006.86. Following the transaction, the senior vice president now owns 31,720 shares of the company’s stock, valued at $2,455,762.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by corporate insiders.
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 addressing various steps of the manufacturing process.
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