Forsta AP Fonden Grows Stake in DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Forsta AP Fonden increased its holdings in DuPont de Nemours by 28.0% in Q1, now owning 104,800 shares valued at approximately $7.83 million.
• Several analysts have recently updated their price targets for DuPont, with KeyCorp raising its target to $92.00 while Barclays lowered it to $73.00, reflecting mixed sentiment among experts.
• DuPont announced a quarterly dividend of $0.41 per share, with an upcoming payout date of September 15th, representing a yield of 2.3%.

Forsta AP Fonden grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 28.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,800 shares of the basic materials company's stock after acquiring an additional 22,900 shares during the quarter. Forsta AP Fonden's holdings in DuPont de Nemours were worth $7,826,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vermillion Wealth Management Inc. bought a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $28,000. JNBA Financial Advisors lifted its holdings in shares of DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. raised 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 buying an additional 248 shares during the last quarter. Covestor Ltd raised 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 buying an additional 197 shares during the last quarter. Finally, Pinney & Scofield Inc. purchased a new stake in DuPont de Nemours in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DD shares. Wells Fargo & Company raised their target price 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. KeyCorp raised their target price on DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. 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. JPMorgan Chase & Co. lifted their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, Morgan Stanley decreased their price objective 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 investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $88.25.

DuPont de Nemours Trading Up 2.8%

DuPont de Nemours stock traded up $2.05 during trading hours on Wednesday, reaching $73.98. The company had a trading volume of 2,587,589 shares, compared to its average volume of 2,970,597. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The company has a 50-day moving average price of $71.47 and a 200 day moving average price of $71.57. The firm has a market cap of $30.98 billion, a price-to-earnings ratio of -157.40, a P/E/G ratio of 1.74 and a beta of 1.06. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The business's revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast 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. 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 dividend on an annualized basis and a yield of 2.2%. DuPont de Nemours's dividend payout ratio is -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.