Empower Advisory Group LLC Increases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Empower Advisory Group LLC increased its stake in DuPont de Nemours, raising its ownership to approximately 0.24% valued at $75.39 million after acquiring additional shares in the first quarter.
• DuPont recently reported EPS of $1.03 for the last quarter, exceeding the consensus estimate of $0.95, with an annual revenue growth of 4.6%.
• The company announced a quarterly dividend of $0.41 per share, equating to an annual dividend yield of 2.3%.

Empower Advisory Group LLC grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,009,520 shares of the basic materials company's stock after purchasing an additional 31,943 shares during the quarter. Empower Advisory Group LLC owned approximately 0.24% of DuPont de Nemours worth $75,391,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Marshall Wace LLP grew its holdings in DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after acquiring an additional 1,024,075 shares during the period. Assenagon Asset Management S.A. lifted its position in 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 valued at $147,929,000 after buying an additional 922,387 shares in the last quarter. Northern Trust Corp lifted its position 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 worth $376,051,000 after acquiring an additional 690,218 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of DuPont de Nemours during the fourth quarter valued at about $50,063,000. Finally, GAMMA Investing LLC raised its holdings in DuPont de Nemours by 7,327.1% in the first 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 in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 0.1%

Shares of DD traded up $0.05 during trading hours on Thursday, hitting $70.85. The stock had a trading volume of 3,149,056 shares, compared to its average volume of 3,131,064. The firm has a market capitalization of $29.67 billion, a P/E ratio of -150.75, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The firm has a 50 day simple moving average of $71.22 and a 200-day simple moving average of $71.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.91. 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 posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The company had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. DuPont de Nemours's revenue was up 2.7% on a year-over-year basis. Sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.41 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.3%. DuPont de Nemours's dividend payout ratio (DPR) is -348.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DD shares. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price target for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Royal Bank Of Canada cut their price target on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Barclays dropped their price objective on 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. Finally, Wells Fargo & Company boosted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.92.

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.