Axa S.A. Boosts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Axa S.A. grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 26.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 119,411 shares of the basic materials company's stock after buying an additional 24,771 shares during the period. Axa S.A.'s holdings in DuPont de Nemours were worth $9,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Level Four Advisory Services LLC lifted its holdings in shares of DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock valued at $357,000 after acquiring an additional 129 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of DuPont de Nemours by 3.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock worth $323,000 after purchasing an additional 132 shares in the last quarter. Global Trust Asset Management LLC boosted its position in shares of DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock worth $704,000 after buying an additional 133 shares during the period. Avior Wealth Management LLC grew its stake in shares of DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock valued at $57,000 after buying an additional 137 shares in the last quarter. Finally, Hancock Whitney Corp raised its holdings in shares of DuPont de Nemours by 2.6% during the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock valued at $429,000 after buying an additional 143 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

Shares of DD opened at $65.42 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a market cap of $27.38 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The stock has a 50 day moving average of $69.49 and a 200-day moving average of $76.46.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating 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 firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The business 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 $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.51%. DuPont de Nemours's payout ratio is currently -863.16%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DD. BMO Capital Markets increased their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target for the company in a report on Friday, January 17th. Morgan Stanley dropped their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price objective for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Finally, Mizuho dropped their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $85.07.

DuPont de Nemours Profile

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.

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