Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in DuPont de Nemours, Inc. $DD

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 800,155 shares of the basic materials company’s stock after buying an additional 43,248 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of DuPont de Nemours worth $54,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of DD. Princeton Global Asset Management LLC lifted its holdings in DuPont de Nemours by 64.4% in the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after buying an additional 143 shares during the period. WPG Advisers LLC bought a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $35,000. Ransom Advisory Ltd bought a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $40,000. Quaker Wealth Management LLC lifted its stake in shares of DuPont de Nemours by 200.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 594 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 1,184 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of DuPont de Nemours by 36.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 599 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 159 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

Insider Buying and Selling at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of the transaction, the senior vice president directly owned 38,585 shares in the company, valued at $2,977,604.45. The trade was a 52.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 74,208 shares of company stock worth $5,714,861 over the last ninety days. 0.61% of the stock is owned by company insiders.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $39.74 on Monday. The business has a fifty day moving average price of $74.31 and a 200-day moving average price of $72.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The company has a market capitalization of $16.64 billion, a PE ratio of -84.55, a PEG ratio of 2.49 and a beta of 1.11. DuPont de Nemours, Inc. has a 1-year low of $22.50 and a 1-year high of $40.11.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 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%. As a group, equities analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours announced that its board has approved a share buyback program on Thursday, November 6th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to buy up to 12.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

DuPont de Nemours Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. DuPont de Nemours’s dividend payout ratio (DPR) is -43.48%.

Analysts Set New Price Targets

Several brokerages recently weighed in on DD. Royal Bank Of Canada upped their price target on DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Zacks Research cut shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Citigroup increased their price target on shares of DuPont de Nemours from $38.90 to $47.00 and gave the stock a “buy” rating in a research note on Friday. KeyCorp lowered their price target on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, UBS Group boosted their price objective on shares of DuPont de Nemours to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.92.

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.