Mediolanum International Funds Ltd Sells 5,348 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Mediolanum International Funds Ltd reduced its stake in DuPont by 2.3%, selling 5,348 shares and retaining approximately 224,627 shares valued at $16.63 million.
• DuPont reported earnings of $1.03 per share for the last quarter, exceeding estimates, with a revenue of $3.07 billion—up 4.6% year-over-year.
• The company declared a quarterly dividend of $0.41 per share, with a yield of 2.16%, scheduled for payment on September 15th.

Mediolanum International Funds Ltd lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,627 shares of the basic materials company's stock after selling 5,348 shares during the quarter. Mediolanum International Funds Ltd owned approximately 0.05% of DuPont de Nemours worth $16,629,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Ritholtz Wealth Management increased its holdings in DuPont de Nemours by 48.8% in the 1st quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock valued at $333,000 after buying an additional 1,464 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of DuPont de Nemours by 334.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock valued at $19,122,000 after acquiring an additional 197,115 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in DuPont de Nemours in the fourth quarter valued at about $1,343,000. Cambridge Investment Research Advisors Inc. raised its position in DuPont de Nemours by 6.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock worth $6,003,000 after purchasing an additional 4,995 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in DuPont de Nemours by 11.8% during the first quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock worth $4,069,000 after purchasing an additional 5,751 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Up 1.3%

Shares of DD opened at $75.81 on Friday. The business's fifty day moving average price is $70.56 and its two-hundred day moving average price is $71.98. The firm has a market capitalization of $31.72 billion, a price-to-earnings ratio of -398.97, a PEG ratio of 2.12 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 debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly 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. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share. On average, analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio is presently -863.16%.

Analyst Upgrades and Downgrades

DD has been the subject of a number of recent research reports. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and dropped their target price for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Barclays dropped 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. KeyCorp boosted their target price on shares of DuPont de Nemours from $85.00 to $87.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, Citigroup lifted their price target on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Four investment analysts have rated the stock with a hold rating and ten have issued 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 Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.