Great Lakes Advisors LLC lessened its stake in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 25.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 296,106 shares of the basic materials company’s stock after selling 101,524 shares during the period. Great Lakes Advisors LLC owned 0.06% of DuPont de Nemours worth $21,154,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in DD. FSC Wealth Advisors LLC increased its position in DuPont de Nemours by 107.0% during the 2nd quarter. FSC Wealth Advisors LLC now owns 354 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 183 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours during the 1st quarter worth approximately $26,000. Nemes Rush Group LLC acquired a new position in DuPont de Nemours during the 2nd quarter worth approximately $30,000. Capital Advisors Ltd. LLC increased its position in DuPont de Nemours by 166.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 495 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 309 shares during the period. Finally, Fiduciary Alliance LLC acquired a new position in DuPont de Nemours during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 76.25% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on DD. Morgan Stanley reiterated an “equal weight” rating and set a $73.00 target price on shares of DuPont de Nemours in a research report on Thursday, August 3rd. Barclays decreased their price target on DuPont de Nemours from $77.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. BMO Capital Markets decreased their price target on DuPont de Nemours from $83.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Citigroup decreased their price target on DuPont de Nemours from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 4th. Finally, Mizuho boosted their price target on DuPont de Nemours from $81.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.
DuPont de Nemours Price Performance
DD stock opened at $71.22 on Friday. DuPont de Nemours, Inc. has a 1 year low of $62.80 and a 1 year high of $78.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.15. The stock’s 50 day moving average price is $72.78 and its 200 day moving average price is $72.04. The firm has a market cap of $30.63 billion, a P/E ratio of 7.37, a PEG ratio of 2.36 and a beta of 1.36.
DuPont de Nemours (NYSE:DD – Get Free Report) last posted its earnings results on Wednesday, November 1st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. DuPont de Nemours had a return on equity of 6.18% and a net margin of 37.49%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the company earned $0.82 EPS. DuPont de Nemours’s revenue was down 7.8% on a year-over-year basis. On average, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.46 earnings per share for the current fiscal year.
DuPont de Nemours Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, November 29th. DuPont de Nemours’s dividend payout ratio is presently 14.89%.
Insiders Place Their Bets
In other DuPont de Nemours news, SVP Raj Ratnakar sold 15,838 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $74.56, for a total transaction of $1,180,881.28. Following the transaction, the senior vice president now owns 31,720 shares of the company’s stock, valued at approximately $2,365,043.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.
About DuPont de Nemours
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 addressing various steps of the manufacturing process.
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