DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,347,098 shares of the basic materials company's stock after purchasing an additional 37,327 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.80% of DuPont de Nemours worth $249,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DD. Norges Bank purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at $146,605,000. Marshall Wace LLP lifted its holdings in shares of DuPont de Nemours by 228.8% during the 4th 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 last quarter. Prudential Financial Inc. lifted its holdings in shares of DuPont de Nemours by 337.5% during the 4th 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 last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of DuPont de Nemours by 87.1% during the 1st 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 last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of DuPont de Nemours by 194.7% during the 4th 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 last quarter. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

DD has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Mizuho decreased their price objective on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Citigroup increased their target price on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. UBS Group upped their price objective on shares of DuPont de Nemours from $85.00 to $87.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Wells Fargo & Company decreased their target price on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.92.

DuPont de Nemours Price Performance

Shares of DD traded up $1.13 during mid-day trading on Wednesday, reaching $75.60. 2,508,431 shares of the company's stock were exchanged, compared to its average volume of 2,458,325. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $68.64 and a two-hundred day simple moving average of $72.03. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The company has a market cap of $31.64 billion, a price-to-earnings ratio of -397.89, a PEG ratio of 2.11 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. DuPont de Nemours's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. On average, sell-side 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 declared 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. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.17%. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

DuPont de Nemours 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.