DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in DuPont de Nemours, Inc. by 15.2%, bringing its ownership to approximately 0.18% of the company valued at $56.5 million.
• Analysts have upgraded their price targets for DuPont, with KeyCorp raising it to $92.00, while UBS and Royal Bank of Canada set new targets at $89.00 and $94.00, respectively.
• DuPont de Nemours recently reported $1.12 EPS for the quarter, which surpassed expectations of $1.06, showing a year-over-year revenue increase of 2.7%.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 15.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 756,907 shares of the basic materials company's stock after purchasing an additional 99,667 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of DuPont de Nemours worth $56,526,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP lifted its stake in DuPont de Nemours by 228.8% during 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 acquiring an additional 1,024,075 shares during the period. Assenagon Asset Management S.A. lifted its stake in DuPont de Nemours by 87.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock valued at $147,929,000 after acquiring an additional 922,387 shares during the period. Northern Trust Corp lifted its stake in DuPont de Nemours by 16.3% during 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 acquiring an additional 690,218 shares during the period. Raymond James Financial Inc. bought a new position in DuPont de Nemours during the 4th quarter valued at about $50,063,000. Finally, GAMMA Investing LLC lifted its stake in 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 valued at $45,621,000 after acquiring an additional 602,657 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DD has been the subject of a number of recent research reports. KeyCorp boosted their price objective on DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their target price for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Mizuho raised their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. UBS Group increased their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Royal Bank Of Canada increased their price objective on shares of DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a report on Friday. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Price Performance

Shares of DD stock traded down $0.52 on Monday, reaching $69.95. The company's stock had a trading volume of 3,753,277 shares, compared to its average volume of 3,245,387. The stock's fifty day simple moving average is $71.30 and its 200-day simple moving average is $71.62. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $29.29 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the company earned $0.97 earnings per share. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio is presently -348.94%.

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.