Russell Investments Group Ltd. Boosts Position in DuPont de Nemours, Inc. (NYSE:DD)

Russell Investments Group Ltd. increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 953,547 shares of the basic materials company’s stock after purchasing an additional 48,355 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.21% of DuPont de Nemours worth $67,942,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DD. Fairfield Bush & CO. purchased a new stake in DuPont de Nemours in the first quarter valued at approximately $50,000. United Bank lifted its stake in DuPont de Nemours by 7.6% in the first quarter. United Bank now owns 11,482 shares of the basic materials company’s stock valued at $845,000 after buying an additional 810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in DuPont de Nemours in the first quarter valued at approximately $195,000. Blair William & Co. IL lifted its stake in DuPont de Nemours by 0.9% in the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock valued at $6,964,000 after buying an additional 866 shares during the last quarter. Finally, Prudential PLC purchased a new stake in DuPont de Nemours in the first quarter valued at approximately $821,000. Hedge funds and other institutional investors own 76.25% of the company’s stock.

Insider Activity

In related news, SVP Raj Ratnakar sold 15,838 shares of the stock in a transaction dated 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 directly owns 31,720 shares in the company, valued at $2,365,043.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays reduced their price objective on DuPont de Nemours from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Mizuho upped 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. Citigroup cut their price target on DuPont de Nemours from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Wednesday, October 4th. Morgan Stanley restated an “equal weight” rating and set a $73.00 price target on shares of DuPont de Nemours in a research note on Thursday, August 3rd. Finally, BMO Capital Markets dropped their price objective on DuPont de Nemours from $83.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $79.00.

DuPont de Nemours Stock Up 0.9 %

DuPont de Nemours stock opened at $71.22 on Friday. 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 firm has a market capitalization of $30.63 billion, a price-to-earnings ratio of 7.37, a price-to-earnings-growth ratio of 2.36 and a beta of 1.36. DuPont de Nemours, Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $78.74. The stock’s fifty day moving average is $72.78 and its two-hundred day moving average is $72.04.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, November 1st. The basic materials company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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 company 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 earnings per share. DuPont de Nemours’s revenue was down 7.8% compared to the same quarter last year. Analysts predict that DuPont de Nemours, Inc. will post 3.46 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 2.02%. DuPont de Nemours’s dividend payout ratio is currently 14.89%.

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 addressing various steps of the manufacturing process.