Mitsubishi UFJ Trust & Banking Corp Sells 8,084 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Mitsubishi UFJ Trust & Banking Corp lessened its position in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 3.0% during the third quarter, Holdings Channel reports. The institutional investor owned 260,884 shares of the basic materials company’s stock after selling 8,084 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in DuPont de Nemours were worth $19,459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Asset Advisory Services LLC grew its stake in DuPont de Nemours by 0.9% in the second quarter. Capital Asset Advisory Services LLC now owns 15,345 shares of the basic materials company’s stock valued at $1,114,000 after purchasing an additional 133 shares in the last quarter. Strategic Advisors LLC grew its stake in DuPont de Nemours by 0.8% in the second quarter. Strategic Advisors LLC now owns 18,634 shares of the basic materials company’s stock valued at $1,331,000 after purchasing an additional 142 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of DuPont de Nemours by 3.0% during the 2nd quarter. Dakota Wealth Management now owns 4,886 shares of the basic materials company’s stock worth $349,000 after acquiring an additional 143 shares during the period. Ballast Inc. boosted its stake in shares of DuPont de Nemours by 1.0% during the 3rd quarter. Ballast Inc. now owns 14,119 shares of the basic materials company’s stock worth $1,053,000 after acquiring an additional 143 shares during the period. Finally, Mutual Advisors LLC boosted its stake in shares of DuPont de Nemours by 2.6% during the 2nd quarter. Mutual Advisors LLC now owns 6,167 shares of the basic materials company’s stock worth $441,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 76.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DD shares. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. BMO Capital Markets downgraded DuPont de Nemours from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $80.00 to $72.00 in a research note on Wednesday, January 24th. Barclays reduced their price target 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. Wells Fargo & Company downgraded DuPont de Nemours from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $85.00 to $69.00 in a research note on Wednesday, January 24th. Finally, TheStreet downgraded DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $76.11.

Check Out Our Latest Stock Report on DD

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $67.68 on Monday. The stock has a market capitalization of $29.11 billion, a P/E ratio of 72.77, a price-to-earnings-growth ratio of 2.26 and a beta of 1.37. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $78.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The stock has a fifty day moving average of $71.74 and a 200-day moving average of $73.09.

DuPont de Nemours (NYSE:DDGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. DuPont de Nemours’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. On average, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.44 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 29th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.36. DuPont de Nemours’s payout ratio is 154.84%.

DuPont de Nemours Company Profile

(Free Report)

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.

Further Reading

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

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