Mondrian Investment Partners LTD Sells 17,867 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Mondrian Investment Partners LTD reduced its holdings in DuPont de Nemours, Inc. by 1.1% during the first quarter, now owning approximately 1.64 million shares.
• DuPont reported an EPS of $1.12 for the last quarter, surpassing analysts' expectations, and its quarterly revenue increased by 2.7% compared to last year.
• The company recently announced a quarterly dividend of $0.41 per share, with a payout ratio of -348.94%, set to be paid on September 15th.

Mondrian Investment Partners LTD reduced its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,642,315 shares of the basic materials company's stock after selling 17,867 shares during the period. DuPont de Nemours makes up approximately 2.1% of Mondrian Investment Partners LTD's holdings, making the stock its 17th largest holding. Mondrian Investment Partners LTD owned approximately 0.39% of DuPont de Nemours worth $122,648,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hancock Whitney Corp boosted its holdings in shares of DuPont de Nemours by 2.6% in the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock valued at $429,000 after buying an additional 143 shares during the period. Ballast Inc. lifted its position in shares of DuPont de Nemours by 0.9% in the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock worth $1,326,000 after purchasing an additional 159 shares in the last quarter. Freedom Investment Management Inc. boosted its stake in shares of DuPont de Nemours by 3.4% during the 4th quarter. Freedom Investment Management Inc. now owns 4,920 shares of the basic materials company's stock worth $375,000 after buying an additional 164 shares during the last quarter. Insigneo Advisory Services LLC raised its holdings in DuPont de Nemours by 3.3% during the fourth 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. Finally, Allred Capital Management LLC raised its stake in shares of DuPont de Nemours by 4.8% during the 4th quarter. Allred Capital Management LLC now owns 3,705 shares of the basic materials company's stock worth $283,000 after purchasing an additional 170 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

DD has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their target price on DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Mizuho upped their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Citigroup increased 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. Wells Fargo & Company lifted their price target on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, Barclays lowered their target price on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $88.25.

DuPont de Nemours Stock Down 0.7%

Shares of DD traded down $0.53 during trading hours on Friday, hitting $73.09. The stock had a trading volume of 2,299,651 shares, compared to its average volume of 2,958,223. The firm has a 50 day simple moving average of $71.71 and a 200-day simple moving average of $71.57. The firm has a market capitalization of $30.60 billion, a P/E ratio of -155.51, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. During the same quarter last year, the firm earned $0.97 EPS. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's payout ratio is presently -348.94%.

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.