Mackenzie Financial Corp Has $21.18 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Mackenzie Financial Corp grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,085 shares of the basic materials company’s stock after acquiring an additional 7,505 shares during the period. Mackenzie Financial Corp owned 0.06% of DuPont de Nemours worth $21,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DD. Palisade Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at $25,000. ESL Trust Services LLC acquired a new position in DuPont de Nemours in the first quarter valued at approximately $26,000. LifeSteps Financial Inc. bought a new position in DuPont de Nemours in the first quarter valued at approximately $28,000. Denver PWM LLC acquired a new stake in DuPont de Nemours during the 2nd quarter worth $28,000. Finally, Fortitude Family Office LLC lifted its stake in shares of DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $89.54 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The firm has a market cap of $37.44 billion, a price-to-earnings ratio of 109.20, a price-to-earnings-growth ratio of 2.23 and a beta of 1.33. The stock’s 50-day moving average is $81.35 and its 200-day moving average is $79.18. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. Equities analysts predict that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DD has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Citigroup reduced their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.00.

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.