DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Ontario Teachers Pension Plan Board

Key Points

• The Ontario Teachers Pension Plan Board increased its stake in DuPont de Nemours, Inc. by 65.3%, acquiring 19,415 additional shares in Q1, bringing its total holdings to 49,149 shares valued at approximately $3.67 million.
• Wall Street analysts have a generally positive outlook on DuPont, with KeyCorp raising its price target to $92.00 and the stock receiving a consensus rating of "Moderate Buy".
• DuPont recently declared a quarterly dividend of $0.41 per share, reflecting an annualized dividend yield of 2.3%, although the company's dividend payout ratio is currently negative at -863.16%.

Ontario Teachers Pension Plan Board grew its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 65.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,149 shares of the basic materials company's stock after acquiring an additional 19,415 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in DuPont de Nemours were worth $3,670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of DD. Aster Capital Management DIFC Ltd grew its position in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new position in DuPont de Nemours during the 4th quarter valued at about $28,000. JNBA Financial Advisors grew its position in DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after purchasing an additional 216 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 248 shares during the period. Finally, Covestor Ltd raised its holdings in shares of DuPont de Nemours by 78.8% during the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock valued at $34,000 after buying an additional 197 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DD shares. KeyCorp increased their price objective on DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday. Citigroup boosted their price target on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Barclays lowered their price target on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. 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 research note on Thursday, April 24th. Finally, Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their target price for the company 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 nine have given a buy rating to the company's stock. Based on data from MarketBeat, DuPont de Nemours presently has an average rating of "Moderate Buy" and a consensus target price of $87.92.

DuPont de Nemours Price Performance

NYSE:DD opened at $70.82 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The business's 50-day moving average price is $71.19 and its 200 day moving average price is $71.81. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The firm has a market cap of $29.64 billion, a P/E ratio of -150.67, a PEG ratio of 2.00 and a beta of 1.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

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 of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. 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.

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