Pettee Investors Inc. Has $1.35 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Pettee Investors Inc. trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 20.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,005 shares of the basic materials company's stock after selling 4,617 shares during the quarter. Pettee Investors Inc.'s holdings in DuPont de Nemours were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DD. Norges Bank bought a new stake in DuPont de Nemours during the fourth quarter worth about $146,605,000. Marshall Wace LLP lifted its position in shares of DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after purchasing an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of DuPont de Nemours by 337.5% during the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after purchasing an additional 986,366 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of DuPont de Nemours by 87.1% during the first quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock worth $147,929,000 after purchasing an additional 922,387 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of DuPont de Nemours by 194.7% during the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock worth $86,971,000 after purchasing an additional 756,604 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Trading Up 1.5%

NYSE DD traded up $1.12 during trading hours on Friday, hitting $75.57. The company's stock had a trading volume of 3,449,026 shares, compared to its average volume of 2,464,211. The stock has a fifty day moving average of $69.72 and a 200 day moving average of $71.95. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $31.63 billion, a P/E ratio of -397.74, a PEG ratio of 2.10 and a beta of 1.04. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06.

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 for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company 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 $0.41 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.17%. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

Wall Street Analyst Weigh In

DD has been the topic of a number of research reports. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their target price for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Royal Bank Of Canada reduced their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Citigroup upped their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. KeyCorp upped their target price on shares of DuPont de Nemours from $85.00 to $87.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, UBS Group upped their target price on shares of DuPont de Nemours from $85.00 to $87.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $88.15.

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.