Alberta Investment Management Corp Has $8.48 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Alberta Investment Management Corp increased its holdings in DuPont de Nemours, Inc. by 5.2%, bringing their total investment to $8.48 million at the end of the recent quarter.
• DuPont's stock recently saw a decline of 2.9%, with a current price of $69.85 and a market capitalization of $29.23 billion.
• The company announced a quarterly dividend of $0.41 per share, which will be paid on September 15th, highlighting its commitment to returning value to shareholders.

Alberta Investment Management Corp increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,563 shares of the basic materials company's stock after buying an additional 5,568 shares during the quarter. Alberta Investment Management Corp's holdings in DuPont de Nemours were worth $8,481,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management grew its position in DuPont de Nemours by 48.8% during the first quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock worth $333,000 after buying an additional 1,464 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in DuPont de Nemours by 334.4% during the first quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock valued at $19,122,000 after purchasing an additional 197,115 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in DuPont de Nemours during the fourth quarter valued at approximately $1,343,000. Cambridge Investment Research Advisors Inc. boosted its holdings in DuPont de Nemours by 6.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock valued at $6,003,000 after purchasing an additional 4,995 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in DuPont de Nemours by 11.8% during the first quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock valued at $4,069,000 after purchasing an additional 5,751 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 2.9%

Shares of DD opened at $69.85 on Friday. The company has a market capitalization of $29.23 billion, a P/E ratio of -367.63, a PEG ratio of 2.04 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The business's 50 day simple moving average is $71.00 and its 200-day simple moving average is $71.92.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the business earned $0.79 EPS. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.3%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of recent research reports. Barclays decreased their price objective on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. KeyCorp lifted their price objective on DuPont de Nemours from $85.00 to $87.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Citigroup lifted their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Bank of America raised 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 report on Tuesday, April 15th. Finally, Mizuho lifted their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $87.50.

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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