Banque Cantonale Vaudoise Purchases Shares of 9,725 DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Banque Cantonale Vaudoise has invested $726,000 in DuPont de Nemours, acquiring 9,725 shares of the company.
• DuPont de Nemours reported $1.03 earnings per share for the quarter, exceeding analysts' estimates of $0.95, and a revenue increase of 4.6% from the previous year.
• The company announced a quarterly dividend of $0.41, set to be paid on September 15th, with a yield of 2.3% based on an annualized dividend of $1.64.

Banque Cantonale Vaudoise acquired a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,725 shares of the basic materials company's stock, valued at approximately $726,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Northern Trust Corp lifted its holdings in DuPont de Nemours by 16.3% during the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock valued at $376,051,000 after purchasing an additional 690,218 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of DuPont de Nemours by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after buying an additional 336,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of DuPont de Nemours by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock worth $249,961,000 after buying an additional 37,327 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of DuPont de Nemours by 15.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock worth $236,909,000 after buying an additional 417,359 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of DuPont de Nemours by 3.2% in the fourth quarter. FMR LLC now owns 2,828,397 shares of the basic materials company's stock worth $215,665,000 after buying an additional 88,479 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

DD has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Citigroup upped their price target on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price target for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. Mizuho upped their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada decreased their price target on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $87.50.

DuPont de Nemours Stock Down 2.9%

NYSE:DD traded down $2.05 during mid-day trading on Friday, reaching $69.85. The company's stock had a trading volume of 4,240,201 shares, compared to its average volume of 2,499,558. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The stock has a fifty day moving average of $71.00 and a 200-day moving average of $71.89. The firm has a market capitalization of $29.23 billion, a PE ratio of -367.63, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior 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. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

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

DuPont de Nemours Company 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.