DuPont de Nemours, Inc. (NYSE:DD) Stock Holdings Lowered by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 79.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,244 shares of the basic materials company’s stock after selling 28,333 shares during the quarter. SG Americas Securities LLC’s holdings in DuPont de Nemours were worth $533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DD. Allspring Global Investments Holdings LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $6,339,000. Illinois Municipal Retirement Fund increased its position in shares of DuPont de Nemours by 25.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 12,518 shares of the basic materials company’s stock worth $1,011,000 after acquiring an additional 2,572 shares in the last quarter. CWM LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $487,000. Xponance Inc. increased its position in shares of DuPont de Nemours by 22.9% in the fourth quarter. Xponance Inc. now owns 32,449 shares of the basic materials company’s stock worth $2,621,000 after acquiring an additional 6,038 shares in the last quarter. Finally, FDx Advisors Inc. increased its position in shares of DuPont de Nemours by 105.8% in the fourth quarter. FDx Advisors Inc. now owns 11,569 shares of the basic materials company’s stock worth $935,000 after acquiring an additional 5,948 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

NYSE:DD opened at $58.57 on Friday. The stock has a market cap of $29.78 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. The company has a current ratio of 2.55, a quick ratio of 2.38 and a debt-to-equity ratio of 0.41. The stock’s 50-day moving average is $59.45 and its 200-day moving average is $68.25. DuPont de Nemours, Inc. has a 1-year low of $52.56 and a 1-year high of $85.16.

DuPont de Nemours (NYSE:DDGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.26 billion. DuPont de Nemours had a return on equity of 7.54% and a net margin of 12.35%. The firm’s quarterly revenue was down 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 earnings per share. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.35 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, July 29th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, July 28th. DuPont de Nemours’s dividend payout ratio is currently 36.26%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DD shares. Credit Suisse Group dropped their target price on shares of DuPont de Nemours from $81.00 to $77.00 and set an “outperform” rating on the stock in a research report on Wednesday. Wells Fargo & Company reduced their target price on shares of DuPont de Nemours from $83.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. KeyCorp reduced their price objective on shares of DuPont de Nemours from $96.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft cut their target price on shares of DuPont de Nemours from $80.00 to $70.00 in a research note on Wednesday. Finally, Royal Bank of Canada cut their target price on shares of DuPont de Nemours from $81.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.40.

DuPont de Nemours Profile

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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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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