Jennison Associates LLC Has $34.79 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Jennison Associates LLC reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 465,799 shares of the basic materials company's stock after selling 26,859 shares during the quarter. Jennison Associates LLC owned approximately 0.11% of DuPont de Nemours worth $34,786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of DuPont de Nemours during the 4th quarter worth about $146,605,000. Marshall Wace LLP increased its stake in shares of DuPont de Nemours by 228.8% during the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after purchasing an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of DuPont de Nemours by 337.5% in 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 acquiring an additional 986,366 shares in the last quarter. Assenagon Asset Management S.A. increased 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 buying an additional 922,387 shares during the period. Finally, Schroder Investment Management Group increased its position in DuPont de Nemours by 194.7% during 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 acquiring an additional 756,604 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DD. Mizuho lifted their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Citigroup raised their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. UBS Group raised their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research report on Monday. KeyCorp raised their target price on DuPont de Nemours from $85.00 to $87.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. upped their target price on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $88.31.

DuPont de Nemours Stock Performance

NYSE:DD traded down $1.16 during mid-day trading on Wednesday, hitting $76.38. The stock had a trading volume of 959,779 shares, compared to its average volume of 2,472,638. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $31.96 billion, a price-to-earnings ratio of -403.24, a P/E/G ratio of 2.15 and a beta of 1.04. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The company has a 50 day simple moving average of $69.90 and a 200-day simple moving average of $71.89.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 EPS. On average, research 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 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 dividend yield of 2.15%. DuPont de Nemours's dividend payout ratio is currently -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.