DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Primecap Management Co. CA

Key Points

• Primecap Management Co. CA reduced its stake in DuPont de Nemours, Inc. by 0.9%, now owning 2,556,792 shares valued at approximately $190.94 million.
• Several major institutional investors, including Vanguard Group Inc. and Northern Trust Corp, have recently increased their holdings in DuPont de Nemours, reflecting a strong interest in the stock.
• DuPont de Nemours reported earnings of $1.12 EPS for the last quarter, exceeding analyst expectations and marking a 2.7% revenue increase year-over-year.

Primecap Management Co. CA reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,556,792 shares of the basic materials company's stock after selling 23,300 shares during the period. Primecap Management Co. CA owned about 0.61% of DuPont de Nemours worth $190,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Marshall Wace LLP boosted its holdings in 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. Assenagon Asset Management S.A. increased its holdings in DuPont de Nemours by 87.1% during the 1st 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 during the period. Northern Trust Corp raised its position in DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock valued at $376,051,000 after purchasing an additional 690,218 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in DuPont de Nemours in the 4th quarter valued at about $50,063,000. Finally, GAMMA Investing LLC boosted its stake in shares of DuPont de Nemours by 7,327.1% in the 1st quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company's stock valued at $45,621,000 after buying an additional 602,657 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 0.1%

NYSE:DD traded up $0.05 during midday trading on Thursday, hitting $70.85. 3,149,056 shares of the company were exchanged, compared to its average volume of 3,131,064. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a market capitalization of $29.67 billion, a PE ratio of -150.75, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $71.22 and a 200 day simple moving average of $71.76.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the company posted $0.97 earnings per share. The business's quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate 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 disclosed 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. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. DuPont de Nemours's payout ratio is currently -348.94%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. UBS Group boosted their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Citigroup increased their price objective on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research 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 for the company in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $87.92.

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.