Public Employees Retirement System of Ohio bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 81,458 shares of the basic materials company’s stock, valued at approximately $11,049,000. Public Employees Retirement System of Ohio owned approximately 0.06% of DuPont de Nemours at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of DuPont de Nemours by 21.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,119,613 shares of the basic materials company’s stock worth $45,008,000 after buying an additional 200,550 shares in the last quarter. Ancora Advisors LLC purchased a new stake in DuPont de Nemours during the 2nd quarter valued at about $8,317,000. Swiss Life Asset Management Ltd raised its holdings in DuPont de Nemours by 1,519.9% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,022,145 shares of the basic materials company’s stock valued at $41,090,000 after acquiring an additional 959,047 shares during the last quarter. Independent Advisor Alliance raised its holdings in DuPont de Nemours by 517.8% in the 4th quarter. Independent Advisor Alliance now owns 42,052 shares of the basic materials company’s stock valued at $1,691,000 after acquiring an additional 35,245 shares during the last quarter. Finally, Danske Bank A S lifted its stake in DuPont de Nemours by 16.1% in the 4th quarter. Danske Bank A S now owns 374,460 shares of the basic materials company’s stock worth $15,053,000 after purchasing an additional 51,845 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
DuPont de Nemours Stock Down 1.6%
Shares of NYSE DD opened at $134.78 on Tuesday. The stock has a market cap of $18.20 billion, a P/E ratio of 299.57, a PEG ratio of 1.25 and a beta of 1.06. The business’s fifty day simple moving average is $138.87 and its 200-day simple moving average is $141.17. DuPont de Nemours, Inc. has a 12-month low of $92.49 and a 12-month high of $157.98. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23.
DuPont de Nemours Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.40 annualized dividend and a yield of 1.8%. DuPont de Nemours’s dividend payout ratio (DPR) is 533.33%.
Analyst Ratings Changes
DD has been the subject of a number of analyst reports. Royal Bank Of Canada dropped their price objective on shares of DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Zacks Research downgraded shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft upped their price objective on DuPont de Nemours from $174.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Finally, Citigroup increased their price target on DuPont de Nemours from $168.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus price target of $166.60.
Read Our Latest Stock Analysis on DD
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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