Exane Derivatives Decreases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Exane Derivatives cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,321 shares of the basic materials company’s stock after selling 393 shares during the quarter. Exane Derivatives’ holdings in DuPont de Nemours were worth $129,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DD. Massachusetts Financial Services Co. MA increased its position in shares of DuPont de Nemours by 9.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,062,765 shares of the basic materials company’s stock valued at $1,549,799,000 after purchasing an additional 1,846,889 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of DuPont de Nemours by 38.9% during the 1st quarter. Bank of New York Mellon Corp now owns 6,426,494 shares of the basic materials company’s stock valued at $472,862,000 after purchasing an additional 1,798,499 shares during the last quarter. Waverton Investment Management Ltd increased its holdings in DuPont de Nemours by 1,269.3% in the 1st quarter. Waverton Investment Management Ltd now owns 1,195,591 shares of the basic materials company’s stock worth $87,972,000 after acquiring an additional 1,108,274 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in DuPont de Nemours by 10.1% in the 4th quarter. Nuveen Asset Management LLC now owns 8,574,015 shares of the basic materials company’s stock worth $692,609,000 after acquiring an additional 784,566 shares during the last quarter. Finally, Standard Investments LLC increased its holdings in DuPont de Nemours by 15.4% in the 4th quarter. Standard Investments LLC now owns 5,625,000 shares of the basic materials company’s stock worth $454,388,000 after acquiring an additional 750,000 shares during the last quarter. 72.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DD has been the subject of several recent research reports. Citigroup lifted their price objective on DuPont de Nemours from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Morgan Stanley decreased their price objective on DuPont de Nemours from $93.00 to $72.00 and set an “equal weight” rating for the company in a report on Wednesday, August 3rd. Barclays decreased their price objective on DuPont de Nemours from $78.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, July 11th. UBS Group decreased their price objective on DuPont de Nemours from $96.00 to $87.00 in a report on Wednesday, July 13th. Finally, Jefferies Financial Group lowered DuPont de Nemours from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $92.00 to $60.00 in a report on Thursday, June 16th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.00.

DuPont de Nemours Stock Performance

Shares of DD opened at $54.25 on Wednesday. The company has a market cap of $27.17 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.74 and a beta of 1.43. The company has a current ratio of 2.55, a quick ratio of 2.12 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $57.96 and a 200-day moving average price of $63.39. DuPont de Nemours, Inc. has a 12-month low of $52.56 and a 12-month high of $85.16.

DuPont de Nemours (NYSE:DDGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.26 billion. DuPont de Nemours had a return on equity of 7.54% and a net margin of 12.35%. The company’s revenue for the quarter was down 19.7% on a year-over-year basis. During the same quarter last year, the company posted $1.06 EPS. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.35 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, July 29th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.43%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 36.26%.

DuPont de Nemours Company Profile

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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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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