CX Institutional Purchases 501 Shares of DuPont de Nemours, Inc. (NYSE:DD)

CX Institutional grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 11.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,760 shares of the basic materials company’s stock after purchasing an additional 501 shares during the quarter. CX Institutional’s holdings in DuPont de Nemours were worth $356,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DD. Norges Bank purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth about $146,605,000. Marshall Wace LLP grew its position in DuPont de Nemours by 228.8% during the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock valued at $112,219,000 after purchasing an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. grew its position in DuPont de Nemours by 337.5% during the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock valued at $97,492,000 after purchasing an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of DuPont de Nemours by 87.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company’s stock valued at $147,929,000 after acquiring an additional 922,387 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock valued at $86,971,000 after acquiring an additional 756,604 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $66.79 on Friday. The firm has a market capitalization of $27.95 billion, a P/E ratio of 39.99, a PEG ratio of 2.15 and a beta of 1.05. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $65.65 and a 200 day moving average price of $73.46. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06.

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

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.46%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -863.16%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Mizuho lowered their price objective on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Barclays decreased their target price on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Royal Bank of Canada reduced their price objective on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company cut their target price on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average price target of $85.92.

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.