Clifford Swan Investment Counsel LLC Lowers Stake in DuPont de Nemours, Inc. (NYSE:DD)

Clifford Swan Investment Counsel LLC lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 255,069 shares of the basic materials company's stock after selling 8,022 shares during the quarter. Clifford Swan Investment Counsel LLC owned 0.06% of DuPont de Nemours worth $19,049,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $146,605,000. Marshall Wace LLP raised 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 acquiring an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. raised 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 acquiring an additional 986,366 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of DuPont de Nemours by 87.1% during 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 buying an additional 922,387 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of DuPont de Nemours by 194.7% during 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 buying an additional 756,604 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Price Performance

Shares of NYSE:DD traded up $0.79 during midday trading on Monday, reaching $76.34. 82,382 shares of the company's stock traded hands, compared to its average volume of 2,461,289. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The company has a market cap of $31.95 billion, a P/E ratio of -401.09, a PEG ratio of 2.14 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. The company has a fifty day simple moving average of $69.90 and a two-hundred day simple moving average of $71.89.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) 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 business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the company earned $0.79 EPS. The company's revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DD. Citigroup upped their price objective on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Royal Bank Of Canada cut their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Morgan Stanley cut their price objective on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Mizuho increased their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, KeyCorp increased their price target on shares of DuPont de Nemours from $85.00 to $87.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.15.

About DuPont de Nemours

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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