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% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,347,098 shares of the basic materials company's stock after acquiring an additional 37,327 shares during the quarter. Bank of New York Mellon Corp owned about 0.80% of DuPont de Nemours worth $249,961,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors boosted its stake in DuPont de Nemours by 30.0% in the 1st quarter. World Investment Advisors now owns 5,234 shares of the basic materials company's stock worth $391,000 after purchasing an additional 1,208 shares during the period. Wayfinding Financial LLC bought a new position in DuPont de Nemours in the 1st quarter worth approximately $70,000. von Borstel & Associates Inc. bought a new position in DuPont de Nemours in the 1st quarter worth approximately $53,000. Argyle Capital Management LLC boosted its stake in DuPont de Nemours by 2.3% in the 1st quarter. Argyle Capital Management LLC now owns 28,799 shares of the basic materials company's stock worth $2,151,000 after purchasing an additional 650 shares during the period. Finally, Strategic Blueprint LLC boosted its stake in DuPont de Nemours by 9.7% in the 1st quarter. Strategic Blueprint LLC now owns 8,344 shares of the basic materials company's stock worth $623,000 after purchasing an additional 735 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays lowered their target price on 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. Wells Fargo & Company lowered their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. KeyCorp increased their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Mizuho lowered their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price target for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average target price of $86.92.

DuPont de Nemours Stock Up 0.8%

DD traded up $0.58 on Thursday, hitting $76.12. The company had a trading volume of 2,066,438 shares, compared to its average volume of 2,456,767. The stock has a fifty day moving average price of $68.64 and a 200-day moving average price of $72.03. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. 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 stock has a market capitalization of $31.86 billion, a price-to-earnings ratio of -400.63, a P/E/G ratio of 2.11 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company earned $0.79 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. 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. Investors of record on Friday, August 29th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio is currently -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.