Mufg Securities Americas Inc. trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 63.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,115 shares of the basic materials company’s stock after selling 7,208 shares during the quarter. Mufg Securities Americas Inc.’s holdings in DuPont de Nemours were worth $558,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of DuPont de Nemours by 21.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,119,613 shares of the basic materials company’s stock valued at $45,008,000 after buying an additional 200,550 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in DuPont de Nemours by 1,519.9% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,022,145 shares of the basic materials company’s stock worth $41,090,000 after acquiring an additional 959,047 shares during the last quarter. Ancora Advisors LLC purchased a new position in DuPont de Nemours in the 2nd quarter worth approximately $8,317,000. Independent Advisor Alliance lifted its position in DuPont de Nemours by 517.8% in the 4th quarter. Independent Advisor Alliance now owns 42,052 shares of the basic materials company’s stock valued at $1,691,000 after acquiring an additional 35,245 shares in the last quarter. Finally, Danske Bank A S lifted its position in DuPont de Nemours by 16.1% in the 4th quarter. Danske Bank A S now owns 374,460 shares of the basic materials company’s stock valued at $15,053,000 after acquiring an additional 51,845 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.
DuPont de Nemours Price Performance
NYSE DD opened at $134.78 on Tuesday. The business’s fifty day moving average price is $138.87 and its 200-day moving average price is $141.17. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 299.57, a PEG ratio of 1.25 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.82. DuPont de Nemours, Inc. has a 1-year low of $92.49 and a 1-year high of $157.98.
DuPont de Nemours Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. DuPont de Nemours’s payout ratio is currently 533.33%.
Analyst Upgrades and Downgrades
A number of analysts have commented on DD shares. Royal Bank Of Canada reduced their target price on DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a report on Friday, August 7th. UBS Group increased their price objective on DuPont de Nemours from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Citigroup lifted their price objective on DuPont de Nemours from $168.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on DuPont de Nemours from $174.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of DuPont de Nemours from $171.00 to $172.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.60.
Check Out Our Latest Research Report on DD
DuPont de Nemours Company Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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