DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by National Bank of Canada FI

Key Points

• National Bank of Canada FI increased its stake in DuPont de Nemours by 49.7% during the first quarter, holding approximately 581,235 shares valued at about $43.4 million.
• DuPont reported quarterly earnings of $1.12 EPS, surpassing expectations of $1.06, with revenues of $3.26 billion, reflecting a 2.7% year-over-year increase.
• The company declared a quarterly dividend of $0.41 per share, resulting in an annualized yield of 2.3%, with the ex-dividend date set for August 29.

National Bank of Canada FI lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 49.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 581,235 shares of the basic materials company's stock after purchasing an additional 193,024 shares during the period. National Bank of Canada FI owned about 0.14% of DuPont de Nemours worth $43,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hancock Whitney Corp increased its position in shares of DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock worth $429,000 after purchasing an additional 143 shares in the last quarter. Freedom Investment Management Inc. grew its holdings in shares of DuPont de Nemours by 3.4% during the fourth quarter. Freedom Investment Management Inc. now owns 4,920 shares of the basic materials company's stock worth $375,000 after buying an additional 164 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in shares of DuPont de Nemours by 5.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 3,348 shares of the basic materials company's stock worth $255,000 after buying an additional 166 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of DuPont de Nemours by 3.3% during the fourth quarter. Insigneo Advisory Services LLC now owns 5,350 shares of the basic materials company's stock worth $408,000 after buying an additional 170 shares during the last quarter. Finally, Allred Capital Management LLC grew its holdings in shares of DuPont de Nemours by 4.8% during the fourth quarter. Allred Capital Management LLC now owns 3,705 shares of the basic materials company's stock worth $283,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Trading Down 0.6%

Shares of DuPont de Nemours stock opened at $70.44 on Friday. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The stock has a market cap of $29.49 billion, a PE ratio of -149.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.06. The company has a 50-day moving average of $71.30 and a two-hundred day moving average of $71.67.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.23 billion. During the same period last year, the company posted $0.97 earnings per share. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

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 issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. DuPont de Nemours's dividend payout ratio (DPR) is -348.94%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley lowered their price target on 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. KeyCorp raised their price target on DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday. UBS Group raised their price target on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Mizuho raised their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company raised their price target on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average target price of $88.25.

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.

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