Brown Advisory Inc. Acquires 5,940 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Brown Advisory Inc. increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,403 shares of the basic materials company’s stock after buying an additional 5,940 shares during the quarter. Brown Advisory Inc.’s holdings in DuPont de Nemours were worth $22,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DD. Balyasny Asset Management L.P. lifted its position in DuPont de Nemours by 4.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,410,068 shares of the basic materials company’s stock valued at $107,518,000 after acquiring an additional 60,659 shares during the period. Bayesian Capital Management LP boosted its holdings in shares of DuPont de Nemours by 23.6% in the fourth quarter. Bayesian Capital Management LP now owns 32,983 shares of the basic materials company’s stock worth $2,515,000 after buying an additional 6,300 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in DuPont de Nemours by 58.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 7,479 shares of the basic materials company’s stock valued at $570,000 after purchasing an additional 2,744 shares in the last quarter. AXA S.A. lifted its stake in shares of DuPont de Nemours by 26.2% during the 4th quarter. AXA S.A. now owns 119,411 shares of the basic materials company’s stock valued at $9,105,000 after buying an additional 24,771 shares in the last quarter. Finally, AlTi Global Inc. boosted its stake in DuPont de Nemours by 8.3% in the 4th quarter. AlTi Global Inc. now owns 8,173 shares of the basic materials company’s stock worth $625,000 after purchasing an additional 627 shares during the period. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Barclays decreased their price objective on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Royal Bank of Canada reduced their target price on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and lowered their price target for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company lowered their price objective on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.07.

DuPont de Nemours Price Performance

DD stock opened at $65.14 on Wednesday. The business’s fifty day moving average price is $69.17 and its 200 day moving average price is $76.38. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The company has a market capitalization of $27.26 billion, a PE ratio of 39.01, a P/E/G ratio of 2.15 and a beta of 1.07. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is -863.16%.

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.