Harbor Capital Advisors Inc. Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Harbor Capital Advisors Inc. lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 33.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,659 shares of the basic materials company's stock after selling 4,359 shares during the period. Harbor Capital Advisors Inc.'s holdings in DuPont de Nemours were worth $647,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in 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 worth $3,552,961,000 after purchasing an additional 353,010 shares during the period. Franklin Resources Inc. boosted its stake in DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after purchasing an additional 483,722 shares during the period. Northern Trust Corp boosted its stake in 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 worth $376,051,000 after purchasing an additional 690,218 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in DuPont de Nemours by 10.9% in the 4th 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 purchasing an additional 336,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in DuPont de Nemours by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock worth $236,909,000 after purchasing an additional 417,359 shares during the period. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

DD traded down $1.65 during midday trading on Friday, reaching $66.79. The company had a trading volume of 1,789,372 shares, compared to its average volume of 2,432,296. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a market cap of $27.95 billion, a PE ratio of 39.99, a P/E/G ratio of 2.15 and a beta of 1.05. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The business has a 50-day moving average price of $65.65 and a two-hundred day moving average price of $73.46.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. DuPont de Nemours's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. On average, sell-side analysts expect 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, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's payout ratio is -863.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Citigroup reduced their price objective 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. UBS Group increased their price objective on shares of DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Morgan Stanley dropped their target price on shares of 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. Finally, Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and dropped their target price for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.92.

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.