Allianz SE lowered its stake in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 32.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,058 shares of the basic materials company’s stock after selling 11,774 shares during the period. Allianz SE’s holdings in DuPont de Nemours were worth $1,874,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in shares of DuPont de Nemours by 1.1% in the 3rd quarter. Blue Trust Inc. now owns 11,990 shares of the basic materials company’s stock worth $934,000 after purchasing an additional 127 shares during the period. Pacifica Partners Inc. raised its stake in DuPont de Nemours by 27.0% in the third quarter. Pacifica Partners Inc. now owns 602 shares of the basic materials company’s stock worth $47,000 after buying an additional 128 shares in the last quarter. Old Port Advisors raised its stake in DuPont de Nemours by 4.9% in the third quarter. Old Port Advisors now owns 3,148 shares of the basic materials company’s stock worth $245,000 after buying an additional 147 shares in the last quarter. Parcion Private Wealth LLC lifted its holdings in DuPont de Nemours by 0.5% in the third quarter. Parcion Private Wealth LLC now owns 30,810 shares of the basic materials company’s stock worth $2,400,000 after buying an additional 149 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in DuPont de Nemours by 36.1% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 599 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 159 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.
DuPont de Nemours Stock Performance
Shares of DD stock opened at $50.05 on Friday. DuPont de Nemours, Inc. has a one year low of $22.50 and a one year high of $52.66. The company’s 50-day moving average is $45.23 and its 200 day moving average is $38.70. The company has a market capitalization of $20.47 billion, a price-to-earnings ratio of -26.91, a price-to-earnings-growth ratio of 1.25 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.91 and a current ratio of 2.42.
DuPont de Nemours declared that its board has authorized a stock buyback program on Thursday, November 6th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to buy up to 12.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
DuPont de Nemours Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.80 annualized dividend and a yield of 1.6%. DuPont de Nemours’s dividend payout ratio is -43.01%.
Analyst Ratings Changes
DD has been the topic of a number of research analyst reports. Citigroup upped their target price on DuPont de Nemours from $50.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Mizuho lifted their price target on DuPont de Nemours from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Jefferies Financial Group increased their price objective on DuPont de Nemours from $51.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Wolfe Research raised their price objective on DuPont de Nemours from $49.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Finally, UBS Group boosted their target price on shares of DuPont de Nemours from $49.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $51.86.
Read Our Latest Stock Report on DuPont de Nemours
DuPont de Nemours Company Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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