DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,595 shares of the basic materials company's stock after buying an additional 6,029 shares during the quarter. Cerity Partners LLC's holdings in DuPont de Nemours were worth $8,185,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DD. Norges Bank acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $146,605,000. Marshall Wace LLP increased its holdings in shares of DuPont de Nemours by 228.8% in the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock valued at $112,219,000 after purchasing an additional 1,024,075 shares during the period. Prudential Financial Inc. increased its holdings in shares of DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock valued at $97,492,000 after purchasing an additional 986,366 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of DuPont de Nemours by 87.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock valued at $147,929,000 after purchasing an additional 922,387 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of DuPont de Nemours by 194.7% in the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock valued at $86,971,000 after purchasing an additional 756,604 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays dropped their target price 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. Royal Bank Of Canada reduced their price target on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company raised their price target on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday. Citigroup raised their price target on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Finally, KeyCorp raised their price target on DuPont de Nemours from $85.00 to $87.00 and gave the company an "overweight" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.15.

DuPont de Nemours Trading Down 0.0%

NYSE DD traded down $0.01 during mid-day trading on Friday, hitting $74.44. The company's stock had a trading volume of 555,470 shares, compared to its average volume of 2,452,914. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The stock's fifty day simple moving average is $69.72 and its two-hundred day simple moving average is $71.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The firm has a market capitalization of $31.15 billion, a P/E ratio of -392.45, a price-to-earnings-growth ratio of 2.10 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results 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 positive return on equity of 7.58% and a negative net margin of 0.60%. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same quarter in the prior year, the business earned $0.79 EPS. DuPont de Nemours's quarterly revenue was up 4.6% compared to the same quarter last year. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced 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. This represents a $1.64 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date 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.