Capital Investment Advisors LLC Grows Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Capital Investment Advisors LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,605 shares of the basic materials company’s stock after buying an additional 193 shares during the quarter. Capital Investment Advisors LLC’s holdings in DuPont de Nemours were worth $701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its stake in shares of DuPont de Nemours by 9.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,062,765 shares of the basic materials company’s stock valued at $1,549,799,000 after buying an additional 1,846,889 shares during the last quarter. Boston Partners lifted its stake in DuPont de Nemours by 4.1% during the first quarter. Boston Partners now owns 12,334,109 shares of the basic materials company’s stock worth $906,608,000 after purchasing an additional 490,883 shares during the last quarter. Geode Capital Management LLC lifted its stake in DuPont de Nemours by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 8,967,301 shares of the basic materials company’s stock worth $722,327,000 after purchasing an additional 179,445 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in DuPont de Nemours by 10.1% during the fourth quarter. Nuveen Asset Management LLC now owns 8,574,015 shares of the basic materials company’s stock worth $692,609,000 after purchasing an additional 784,566 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in DuPont de Nemours by 38.9% during the first quarter. Bank of New York Mellon Corp now owns 6,426,494 shares of the basic materials company’s stock worth $472,862,000 after purchasing an additional 1,798,499 shares during the last quarter. 72.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on DD. Morgan Stanley reduced their price objective on DuPont de Nemours from $93.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 3rd. Citigroup raised their price objective on DuPont de Nemours from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. Barclays reduced their price objective on DuPont de Nemours from $78.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday, July 11th. KeyCorp cut their target price on DuPont de Nemours from $96.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Finally, Wells Fargo & Company cut their target price on DuPont de Nemours from $83.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

DuPont de Nemours Price Performance

Shares of DD opened at $53.98 on Friday. The firm has a market capitalization of $27.04 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.12 and a current ratio of 2.55. DuPont de Nemours, Inc. has a one year low of $52.56 and a one year high of $85.16. The stock’s fifty day moving average is $57.98 and its 200-day moving average is $63.68.

DuPont de Nemours (NYSE:DDGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The basic materials company reported $0.88 EPS for the quarter, beating 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 company’s quarterly revenue was down 19.7% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.35 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, July 29th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Thursday, July 28th. DuPont de Nemours’s payout ratio is currently 36.26%.

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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