DuPont de Nemours, Inc. $DD Shares Purchased by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 292.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,285 shares of the basic materials company’s stock after acquiring an additional 26,297 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in DuPont de Nemours were worth $2,417,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in DD. Nuveen LLC purchased a new position in shares of DuPont de Nemours in the 1st quarter valued at $531,037,000. Boston Partners grew its position in DuPont de Nemours by 36.6% in the 2nd quarter. Boston Partners now owns 3,483,001 shares of the basic materials company’s stock valued at $238,924,000 after buying an additional 932,575 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of DuPont de Nemours by 21.9% during the first 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 acquiring an additional 746,364 shares during the period. Strs Ohio acquired a new position in DuPont de Nemours during the 1st quarter worth approximately $54,934,000. Finally, Anchor Capital Advisors LLC purchased a new position in DuPont de Nemours in the second quarter worth $45,287,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

DD has been the subject of a number of research reports. KeyCorp reduced their price target on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Wolfe Research lowered their price target on shares of DuPont de Nemours from $87.00 to $39.00 and set an “outperform” rating for the company in a report on Tuesday, November 4th. UBS Group upped their target price on DuPont de Nemours to $44.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Thursday. Finally, BMO Capital Markets reduced their price objective on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.25.

DuPont de Nemours Price Performance

DD stock opened at $39.65 on Monday. The firm has a market cap of $16.61 billion, a P/E ratio of -84.36, a P/E/G ratio of 2.49 and a beta of 1.11. The firm’s fifty day moving average is $70.68 and its 200 day moving average is $71.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. DuPont de Nemours, Inc. has a 52 week low of $22.50 and a 52 week high of $41.23.

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

DuPont de Nemours declared that its Board of Directors has approved a stock buyback plan on Thursday, November 6th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to buy up to 12.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

DuPont de Nemours Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. DuPont de Nemours’s dividend payout ratio (DPR) is -43.48%.

DuPont de Nemours 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.