DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 110.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,021 shares of the basic materials company's stock after buying an additional 8,412 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in DuPont de Nemours were worth $1,196,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of DuPont de Nemours by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock valued at $3,552,961,000 after buying an additional 353,010 shares during the period. Franklin Resources Inc. grew its position in DuPont de Nemours by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after acquiring an additional 483,722 shares during the period. Northern Trust Corp grew its position in DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after acquiring an additional 690,218 shares during the period. Price T Rowe Associates Inc. MD increased its stake in DuPont de Nemours by 10.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after acquiring an additional 336,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in DuPont de Nemours by 15.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock valued at $236,909,000 after purchasing an additional 417,359 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DD shares. JPMorgan Chase & Co. raised their price objective 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. Citigroup lowered their target price on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Barclays reduced their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. KeyCorp increased their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, Morgan Stanley cut their target price on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.92.

DuPont de Nemours Stock Up 1.6%

Shares of NYSE:DD traded up $1.14 during trading on Wednesday, hitting $72.59. The company's stock had a trading volume of 1,272,143 shares, compared to its average volume of 2,422,647. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The business has a 50 day moving average price of $67.61 and a two-hundred day moving average price of $72.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. The company has a market capitalization of $30.38 billion, a PE ratio of -382.61, a P/E/G ratio of 1.95 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results 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. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the business posted $0.79 earnings per share. DuPont de Nemours's revenue was up 4.6% compared to the same quarter last year. As a group, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

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 issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is presently -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.