Mackenzie Financial Corp Purchases 11,923 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Mackenzie Financial Corp lifted its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 323,357 shares of the basic materials company's stock after purchasing an additional 11,923 shares during the quarter. Mackenzie Financial Corp owned 0.08% of DuPont de Nemours worth $24,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DD. Vanguard Group Inc. lifted its position in DuPont de Nemours by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock worth $3,552,961,000 after buying an additional 353,010 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of DuPont de Nemours by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after acquiring an additional 483,722 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of DuPont de Nemours by 16.3% in 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of DuPont de Nemours by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after acquiring an additional 336,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of DuPont de Nemours by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock worth $236,909,000 after acquiring an additional 417,359 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DD shares. BMO Capital Markets upped their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Mizuho cut their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. raised their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Barclays lowered their target price 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. Finally, UBS Group increased their target price on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $85.92.

DuPont de Nemours Trading Down 1.7%

DD traded down $1.16 during midday trading on Wednesday, reaching $68.11. 2,619,659 shares of the company's stock traded hands, compared to its average volume of 2,409,133. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm has a fifty day moving average of $66.35 and a two-hundred day moving average of $74.73. The stock has a market capitalization of $28.50 billion, a price-to-earnings ratio of 40.78, a P/E/G ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.05 billion. During the same period in the previous year, the firm earned $0.79 earnings per share. The business's revenue was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.41%. DuPont de Nemours's dividend payout ratio (DPR) is presently -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.