DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,605 shares of the basic materials company’s stock after selling 1,291 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in DuPont de Nemours were worth $4,637,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after buying an additional 3,168,740 shares during the last quarter. Norges Bank bought a new stake in shares of DuPont de Nemours during the 4th quarter worth about $111,980,000. Jacobs Levy Equity Management Inc. lifted its position in DuPont de Nemours by 403.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after purchasing an additional 1,139,156 shares during the period. Ceredex Value Advisors LLC lifted its holdings in shares of DuPont de Nemours by 95.0% in the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after buying an additional 567,732 shares during the period. Finally, Great Lakes Advisors LLC boosted its position in shares of DuPont de Nemours by 156.6% during the 4th quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock valued at $56,772,000 after purchasing an additional 450,422 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DD shares. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $101.00 in a research note on Friday, May 17th. UBS Group upped their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Royal Bank of Canada increased their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Stock Up 1.5 %

DD opened at $84.25 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.61 and a current ratio of 2.21. The firm has a market cap of $35.23 billion, a price-to-earnings ratio of 102.74, a PEG ratio of 2.54 and a beta of 1.34. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $85.12. The firm’s 50-day simple moving average is $80.19 and its 200-day simple moving average is $77.29.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. DuPont de Nemours’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.69 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. DuPont de Nemours’s dividend payout ratio is 185.37%.

About DuPont de Nemours

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.