Charles Schwab Investment Management Inc. Buys 64,927 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in DuPont de Nemours by 2.3%, owning 2,933,513 shares worth approximately $219 million at the end of the first quarter.
• DuPont announced a quarterly dividend of $0.41 per share, reflecting an annualized dividend of $1.64 and a dividend yield of 2.3%.
• Analysts have adjusted target prices for DuPont; Morgan Stanley set a new target at $80.00, while Citigroup raised its target to $85.00 with a "buy" rating.

Charles Schwab Investment Management Inc. increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,933,513 shares of the basic materials company's stock after buying an additional 64,927 shares during the period. Charles Schwab Investment Management Inc. owned 0.70% of DuPont de Nemours worth $219,075,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DD. Brighton Jones LLC increased its stake in DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock valued at $382,000 after purchasing an additional 822 shares in the last quarter. FMR LLC lifted its position in DuPont de Nemours by 3.2% in the 4th quarter. FMR LLC now owns 2,828,397 shares of the basic materials company's stock valued at $215,665,000 after acquiring an additional 88,479 shares in the last quarter. FIL Ltd lifted its position in DuPont de Nemours by 12.5% in the 4th quarter. FIL Ltd now owns 212,083 shares of the basic materials company's stock valued at $16,171,000 after acquiring an additional 23,527 shares in the last quarter. Raymond James Financial Inc. bought a new stake in DuPont de Nemours in the 4th quarter valued at $50,063,000. Finally, Phoenix Financial Ltd. raised its stake in shares of DuPont de Nemours by 8.0% in the 4th quarter. Phoenix Financial Ltd. now owns 2,663 shares of the basic materials company's stock valued at $203,000 after purchasing an additional 198 shares during the period. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on DD. Mizuho lifted their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. UBS Group lifted their price target on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Morgan Stanley reduced 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 report on Monday, May 5th. Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, Barclays reduced their target price on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Stock Performance

DuPont de Nemours stock traded down $0.87 during midday trading on Thursday, hitting $73.12. The company's stock had a trading volume of 602,955 shares, compared to its average volume of 2,955,087. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The company has a 50-day moving average price of $71.59 and a two-hundred day moving average price of $71.59. The company has a market cap of $30.62 billion, a price-to-earnings ratio of -155.70, a PEG ratio of 1.79 and a beta of 1.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $3.23 billion. During the same quarter in the previous year, the company earned $0.97 EPS. The business's revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) 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.