Mizuho Securities USA LLC Sells 6,140 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Mizuho Securities USA LLC has reduced its stake in DuPont de Nemours, Inc. by 15.5%, selling 6,140 shares and now holding 33,473 shares worth approximately $2.5 million.
• DuPont reported an earnings per share (EPS) of $1.12, beating analysts' expectations of $1.06, and had a revenue of $3.26 billion for the quarter.
• The company announced a quarterly dividend of $0.41, translating to an annualized dividend of $1.64 with a yield of 2.3%.

Mizuho Securities USA LLC cut its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,473 shares of the basic materials company's stock after selling 6,140 shares during the quarter. Mizuho Securities USA LLC's holdings in DuPont de Nemours were worth $2,500,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hancock Whitney Corp raised its position in DuPont de Nemours by 2.6% during the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock valued at $429,000 after purchasing an additional 143 shares during the last quarter. Freedom Investment Management Inc. raised its position in shares of DuPont de Nemours by 3.4% in the 4th quarter. Freedom Investment Management Inc. now owns 4,920 shares of the basic materials company's stock worth $375,000 after acquiring an additional 164 shares in the last quarter. Insigneo Advisory Services LLC raised its position in shares of DuPont de Nemours by 3.3% in the 4th quarter. Insigneo Advisory Services LLC now owns 5,350 shares of the basic materials company's stock worth $408,000 after acquiring an additional 170 shares in the last quarter. Allred Capital Management LLC raised its position in shares of DuPont de Nemours by 4.8% in the 4th quarter. Allred Capital Management LLC now owns 3,705 shares of the basic materials company's stock worth $283,000 after acquiring an additional 170 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its position in shares of DuPont de Nemours by 16.9% in the 1st quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock worth $88,000 after acquiring an additional 170 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Up 3.0%

DD traded up $2.09 during trading on Tuesday, hitting $71.99. 3,126,596 shares of the company's stock traded hands, compared to its average volume of 3,276,263. The company's 50 day simple moving average is $71.47 and its two-hundred day simple moving average is $71.57. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The stock has a market capitalization of $30.14 billion, a price-to-earnings ratio of -153.17, a PEG ratio of 1.74 and a beta of 1.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the business posted $0.97 EPS. The company's revenue was up 2.7% compared to the same quarter last year. Analysts predict 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, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's payout ratio is presently -348.94%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DD. KeyCorp increased their target price on DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada increased their target price on DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research report on Friday. Morgan Stanley decreased their target price on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. UBS Group increased their target price on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. increased their target price on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

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.