DekaBank Deutsche Girozentrale Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

DekaBank Deutsche Girozentrale lifted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 11.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,506 shares of the basic materials company's stock after buying an additional 6,976 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in DuPont de Nemours were worth $5,091,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of DuPont de Nemours by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock worth $3,552,961,000 after acquiring an additional 353,010 shares during the last quarter. Franklin Resources Inc. raised its position in shares of DuPont de Nemours by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock valued at $525,683,000 after buying an additional 483,722 shares during the period. Northern Trust Corp lifted its holdings in DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock valued at $376,051,000 after acquiring an additional 690,218 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in DuPont de Nemours by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock valued at $260,276,000 after acquiring an additional 336,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in DuPont de Nemours by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock worth $249,961,000 after acquiring an additional 37,327 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DD shares. Mizuho lowered their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. UBS Group lifted their price target on shares of DuPont de Nemours from $85.00 to $87.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price objective for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Citigroup lifted their target price 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. Finally, Barclays decreased their price target on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.77.

DuPont de Nemours Stock Down 0.8%

DD stock traded down $0.58 during trading on Monday, hitting $74.91. 3,136,766 shares of the company's stock were exchanged, compared to its average volume of 2,925,675. The business has a 50-day moving average price of $69.00 and a two-hundred day moving average price of $71.94. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $31.35 billion, a price-to-earnings ratio of -394.24, a PEG ratio of 2.14 and a beta of 1.04. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the firm posted $0.79 EPS. The company's revenue was up 4.6% on a year-over-year basis. As a group, equities 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 disclosed 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 yield of 2.19%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio is currently -863.16%.

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.