DuPont de Nemours, Inc. $DD Holdings Raised by Andra AP fonden

Andra AP fonden raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 29.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,300 shares of the basic materials company’s stock after buying an additional 12,500 shares during the period. Andra AP fonden’s holdings in DuPont de Nemours were worth $3,724,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new stake in DuPont de Nemours during the first quarter valued at $531,037,000. Price T Rowe Associates Inc. MD raised its stake in shares of DuPont de Nemours by 21.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock worth $310,656,000 after purchasing an additional 746,364 shares in the last quarter. Strs Ohio acquired a new stake in shares of DuPont de Nemours during the 1st quarter valued at about $54,934,000. Anchor Capital Advisors LLC acquired a new stake in shares of DuPont de Nemours during the 2nd quarter valued at about $45,287,000. Finally, Valeo Financial Advisors LLC grew its stake in shares of DuPont de Nemours by 9,614.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company’s stock valued at $42,845,000 after buying an additional 618,229 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DD has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on shares of DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday. Zacks Research lowered shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. UBS Group raised their price target on shares of DuPont de Nemours to $44.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets reduced their price objective on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Finally, KeyCorp decreased their price objective on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.75.

DuPont de Nemours Trading Up 1.5%

Shares of NYSE:DD opened at $39.74 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The stock’s 50-day moving average is $74.31 and its 200-day moving average is $71.87. The company has a market cap of $16.64 billion, a P/E ratio of -84.55, a P/E/G ratio of 2.49 and a beta of 1.11. DuPont de Nemours, Inc. has a 52-week low of $22.50 and a 52-week high of $40.11.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share for the quarter. The firm had revenue of $3.02 billion during the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. Equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 28th. DuPont de Nemours’s dividend payout ratio is currently -348.94%.

DuPont de Nemours declared that its Board of Directors has approved a share buyback plan on Thursday, November 6th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the basic materials company to reacquire up to 12.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of the sale, the senior vice president directly owned 38,585 shares of the company’s stock, valued at $2,977,604.45. This represents a 52.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 in the last 90 days. Company insiders own 0.61% of the company’s stock.

DuPont de Nemours Company 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.