Janney Montgomery Scott LLC Increases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Janney Montgomery Scott LLC lifted its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,855 shares of the basic materials company's stock after purchasing an additional 5,689 shares during the quarter. Janney Montgomery Scott LLC's holdings in DuPont de Nemours were worth $8,577,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in DuPont de Nemours during the fourth quarter valued at approximately $146,605,000. Marshall Wace LLP boosted its stake in shares of DuPont de Nemours by 228.8% in 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 purchasing an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of DuPont de Nemours by 337.5% during the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock valued at $97,492,000 after purchasing an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. raised its position in DuPont de Nemours by 87.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock worth $147,929,000 after purchasing an additional 922,387 shares during the period. Finally, Schroder Investment Management Group lifted its stake in DuPont de Nemours by 194.7% in the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock worth $86,971,000 after purchasing an additional 756,604 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Up 1.9%

Shares of DD traded up $1.25 during mid-day trading on Tuesday, reaching $68.25. The company had a trading volume of 1,967,368 shares, compared to its average volume of 2,430,372. The firm has a 50-day moving average price of $66.56 and a 200 day moving average price of $72.65. 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 $28.56 billion, a price-to-earnings ratio of -359.21, a price-to-earnings-growth ratio of 1.88 and a beta of 1.05. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. DuPont de Nemours's revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.40%. DuPont de Nemours's dividend payout ratio is -863.16%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price objective for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Barclays cut 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 report on Tuesday, April 29th. Morgan Stanley lowered their price objective on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. KeyCorp increased their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Royal Bank Of Canada reduced their price target on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $85.92.

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.