Charles Schwab Investment Management Inc. Has $209.02 Million Stock Holdings in DuPont de Nemours, Inc. $DD

Charles Schwab Investment Management Inc. boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,047,323 shares of the basic materials company’s stock after buying an additional 113,810 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.73% of DuPont de Nemours worth $209,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DD. AdvisorNet Financial Inc boosted its position in DuPont de Nemours by 3.0% during the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock valued at $318,000 after purchasing an additional 134 shares during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in shares of DuPont de Nemours by 3.9% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock valued at $256,000 after buying an additional 140 shares during the last quarter. Princeton Global Asset Management LLC grew its stake in shares of DuPont de Nemours by 64.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after buying an additional 143 shares in the last quarter. Summit Financial LLC increased its holdings in DuPont de Nemours by 3.7% in the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company’s stock worth $304,000 after buying an additional 146 shares during the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co increased its holdings in DuPont de Nemours by 3.8% in the second quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 4,090 shares of the basic materials company’s stock worth $281,000 after buying an additional 150 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DD. BMO Capital Markets decreased their target price on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Morgan Stanley decreased their price objective on shares of DuPont de Nemours from $80.00 to $44.00 in a report on Monday, November 10th. Wolfe Research cut their target price on DuPont de Nemours from $87.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. Zacks Research cut DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, KeyCorp lowered their price objective on DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.88.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 103,267 shares of DuPont de Nemours stock in a transaction on Monday, September 15th. The shares were sold at an average price of $32.29, for a total transaction of $3,334,357.49. Following the sale, the senior vice president owned 92,218 shares in the company, valued at $2,977,599.61. The trade was a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 177,357 shares of company stock valued at $5,714,857 over the last three months. 0.61% of the stock is owned by company insiders.

DuPont de Nemours Price Performance

NYSE:DD opened at $38.75 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. DuPont de Nemours, Inc. has a one year low of $22.50 and a one year high of $41.23. The company has a fifty day moving average price of $34.98 and a 200 day moving average price of $31.89. The stock has a market cap of $16.24 billion, a P/E ratio of -82.45, a PEG ratio of 2.49 and a beta of 1.11.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $3.02 billion for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. Analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, November 28th. DuPont de Nemours’s dividend payout ratio (DPR) is -43.48%.

DuPont de Nemours announced that its Board of Directors has authorized a stock repurchase plan on Thursday, November 6th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to repurchase up to 12.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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.