Brown Advisory Inc. Buys 11,789 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Brown Advisory Inc. increased its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 306,192 shares of the basic materials company's stock after buying an additional 11,789 shares during the quarter. Brown Advisory Inc. owned about 0.07% of DuPont de Nemours worth $22,866,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DD. UBS Group lifted their price target on DuPont de Nemours from $85.00 to $87.00 and gave the company a "buy" rating in a research report on Wednesday. Citigroup lifted their price target on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Mizuho lowered their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price target for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Finally, Morgan Stanley decreased their target price 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. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.92.

DuPont de Nemours Stock Up 0.8%

Shares of DuPont de Nemours stock traded up $0.58 during midday trading on Thursday, hitting $76.12. The company's stock had a trading volume of 2,067,805 shares, compared to its average volume of 2,456,767. The firm has a market capitalization of $31.86 billion, a P/E ratio of -400.63, a PEG ratio of 2.11 and a beta of 1.04. The stock has a 50-day simple moving average of $68.64 and a 200-day simple moving average of $72.03. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share 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. Investors of record on Friday, August 29th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.15%. DuPont de Nemours's payout ratio is -863.16%.

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.