Boston Partners Has $190.39 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Boston Partners increased its stake in DuPont de Nemours, Inc. by 15.2% in Q1, now owning over 2.55 million shares valued at approximately $190 million.
• Analysts have set varying price targets for DuPont shares, with Wells Fargo and JPMorgan raising their targets to $90 and $93 respectively, while the consensus rating is a "Moderate Buy" with a target price of $88.25.
• DuPont recently reported an earnings per share of $1.12 for Q2, beating estimates, with revenues of $3.26 billion, and also announced a quarterly dividend of $0.41 per share.

Boston Partners grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,550,426 shares of the basic materials company's stock after acquiring an additional 337,293 shares during the period. Boston Partners owned 0.61% of DuPont de Nemours worth $190,385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hancock Whitney Corp boosted its holdings in DuPont de Nemours by 2.6% in the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock worth $429,000 after purchasing an additional 143 shares in the last quarter. Ballast Inc. boosted its holdings in DuPont de Nemours by 0.9% in the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock worth $1,326,000 after purchasing an additional 159 shares in the last quarter. Freedom Investment Management Inc. boosted its holdings in DuPont de Nemours by 3.4% in the fourth quarter. Freedom Investment Management Inc. now owns 4,920 shares of the basic materials company's stock worth $375,000 after purchasing an additional 164 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in DuPont de Nemours by 3.3% in the fourth quarter. Insigneo Advisory Services LLC now owns 5,350 shares of the basic materials company's stock worth $408,000 after purchasing an additional 170 shares in the last quarter. Finally, Allred Capital Management LLC boosted its holdings in DuPont de Nemours by 4.8% in the fourth quarter. Allred Capital Management LLC now owns 3,705 shares of the basic materials company's stock worth $283,000 after purchasing an additional 170 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DD. Morgan Stanley cut their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. KeyCorp increased their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Barclays dropped their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Citigroup increased their price target on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and an average target price of $88.25.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded down $0.53 during trading hours on Friday, hitting $73.09. 2,299,651 shares of the stock were exchanged, compared to its average volume of 3,364,407. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The stock has a market capitalization of $30.60 billion, a P/E ratio of -155.51, a P/E/G ratio of 1.82 and a beta of 1.06. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The business's 50-day moving average is $71.81 and its two-hundred day moving average is $71.51.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. DuPont de Nemours's revenue was up 2.7% compared to the same quarter last year. Equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio is currently -348.94%.

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.