Jennison Associates LLC Trims Stake in DuPont de Nemours, Inc. (NYSE:DD)

Jennison Associates LLC cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. 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 SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Aster Capital Management DIFC Ltd lifted its holdings in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in DuPont de Nemours during the 4th quarter worth $28,000. JNBA Financial Advisors raised its holdings in DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after buying an additional 216 shares during the period. Valley National Advisers Inc. grew 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 acquiring an additional 248 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of DuPont de Nemours by 78.8% during the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock worth $34,000 after buying an additional 197 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded up $1.14 on Tuesday, hitting $77.09. The stock had a trading volume of 1,182,023 shares, compared to its average volume of 2,465,393. The stock has a market cap of $32.26 billion, a price-to-earnings ratio of -405.50, a price-to-earnings-growth ratio of 2.14 and a beta of 1.04. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $69.90 and its two-hundred day moving average is $71.89.

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. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The company had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same period in the prior year, the company earned $0.79 EPS. DuPont de Nemours's revenue was up 4.6% compared to the same quarter last year. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. DuPont de Nemours's dividend payout ratio is presently -863.16%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. UBS Group lifted their price target on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday. Morgan Stanley cut their price objective on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Barclays reduced their price objective on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their target price for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Finally, KeyCorp lifted their target price on DuPont de Nemours from $85.00 to $87.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $88.31.

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.