Massachusetts Financial Services Co. MA Trims Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Massachusetts Financial Services Co. MA lowered its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 16.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,472,260 shares of the basic materials company's stock after selling 2,234,662 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.74% of DuPont de Nemours worth $856,748,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DD. Norges Bank acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at approximately $146,605,000. Marshall Wace LLP increased its holdings in shares of DuPont de Nemours by 228.8% in the fourth 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 during the period. Prudential Financial Inc. increased its holdings in shares of DuPont de Nemours by 337.5% in the fourth 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 period. Assenagon Asset Management S.A. increased its holdings in shares of DuPont de Nemours by 87.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock valued at $147,929,000 after purchasing an additional 922,387 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of 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 valued at $86,971,000 after purchasing an additional 756,604 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded down $0.13 during trading hours on Wednesday, hitting $73.95. The stock had a trading volume of 1,824,585 shares, compared to its average volume of 2,459,522. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The stock has a market capitalization of $30.95 billion, a price-to-earnings ratio of -389.19, a PEG ratio of 2.12 and a beta of 1.04. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The stock's fifty day moving average is $69.37 and its two-hundred day moving average is $71.95.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 7.58% and a negative net margin of 0.60%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the business earned $0.79 earnings per share. The business's revenue was up 4.6% on a year-over-year basis. As a group, analysts predict 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. Stockholders of record on Friday, August 29th will be given 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 2.22%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Mizuho upped their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday. Morgan Stanley dropped 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. UBS Group upped their price objective on DuPont de Nemours from $85.00 to $87.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Citigroup upped their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and dropped their price objective for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $88.15.

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.