Resona Asset Management Co. Ltd. Increases Stock Holdings in DuPont de Nemours, Inc. $DD

Key Points

• Resona Asset Management Co. Ltd. increased its holdings in DuPont de Nemours by 8.7%, owning a total of 135,919 shares valued at approximately $10.14 million.
• Wall Street analysts have raised their target prices for DuPont, with Wells Fargo & Company increasing its target from $81.00 to $90.00, suggesting strong investor confidence.
• DuPont de Nemours announced a quarterly dividend of $0.41, with an annualized yield of 2.2%, reflecting its commitment to returning value to shareholders amid fluctuating earnings.

Resona Asset Management Co. Ltd. lifted its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 8.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 135,919 shares of the basic materials company's stock after purchasing an additional 10,884 shares during the period. Resona Asset Management Co. Ltd.'s holdings in DuPont de Nemours were worth $10,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new position in shares of DuPont de Nemours in the 1st quarter valued at about $531,037,000. Marshall Wace LLP lifted its holdings in DuPont de Nemours by 228.8% in 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 in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of DuPont de Nemours by 87.1% during the first quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock worth $147,929,000 after buying an additional 922,387 shares in the last quarter. Northern Trust Corp lifted its stake in shares of DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock valued at $376,051,000 after purchasing an additional 690,218 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of DuPont de Nemours by 7,327.1% during the 1st quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company's stock worth $45,621,000 after purchasing an additional 602,657 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Up 0.3%

Shares of DD stock traded up $0.24 during trading hours on Monday, hitting $73.32. 576,291 shares of the company were exchanged, compared to its average volume of 2,942,784. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The firm has a market cap of $30.70 billion, a PE ratio of -155.99, a PEG ratio of 1.82 and a beta of 1.06. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The firm has a fifty day moving average of $71.81 and a 200 day moving average of $71.48.

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 for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The firm had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. Analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is currently -348.94%.

Analysts Set New Price Targets

DD has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Morgan Stanley dropped their price objective 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. Barclays reduced their price target on shares of 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. KeyCorp upped their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, UBS Group lifted their target price on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.25.

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.