Mutual of America Capital Management LLC Lowers Position in DuPont de Nemours, Inc. (NYSE:DD)

Mutual of America Capital Management LLC decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,304 shares of the basic materials company’s stock after selling 1,786 shares during the period. Mutual of America Capital Management LLC’s holdings in DuPont de Nemours were worth $4,796,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. acquired a new position in DuPont de Nemours during the second quarter worth approximately $46,000. Johnson Investment Counsel Inc. increased its holdings in shares of DuPont de Nemours by 3.3% in the second quarter. Johnson Investment Counsel Inc. now owns 10,334 shares of the basic materials company’s stock valued at $738,000 after purchasing an additional 329 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of DuPont de Nemours by 43.1% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,809 shares of the basic materials company’s stock valued at $4,130,000 after purchasing an additional 17,398 shares during the period. Pettee Investors Inc. increased its holdings in shares of DuPont de Nemours by 1.5% in the second quarter. Pettee Investors Inc. now owns 23,313 shares of the basic materials company’s stock valued at $1,665,000 after purchasing an additional 345 shares during the period. Finally, Candriam S.C.A. increased its holdings in shares of DuPont de Nemours by 32.4% in the second quarter. Candriam S.C.A. now owns 93,960 shares of the basic materials company’s stock valued at $6,713,000 after purchasing an additional 22,974 shares during the period. Institutional investors and hedge funds own 76.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DD. Wells Fargo & Company lowered DuPont de Nemours from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $85.00 to $69.00 in a report on Wednesday, January 24th. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Monday, February 5th. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. BMO Capital Markets downgraded DuPont de Nemours from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. Finally, Barclays decreased their price target on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Hold” and an average target price of $75.67.

Check Out Our Latest Stock Report on DD

DuPont de Nemours Stock Performance

NYSE DD opened at $68.48 on Tuesday. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74. The stock has a market cap of $29.45 billion, a price-to-earnings ratio of 73.63, a price-to-earnings-growth ratio of 2.26 and a beta of 1.37. The business has a fifty day moving average of $71.67 and a 200-day moving average of $73.02. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DDGet Free Report) last released its quarterly earnings results 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 company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. As a group, analysts predict that DuPont de Nemours, Inc. will post 3.44 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 29th will be paid a $0.38 dividend. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, February 28th. DuPont de Nemours’s dividend payout ratio is presently 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.

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

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