Raiffeisen Bank International AG Buys 16,451 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Raiffeisen Bank International AG boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 176.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,784 shares of the basic materials company's stock after buying an additional 16,451 shares during the period. Raiffeisen Bank International AG's holdings in DuPont de Nemours were worth $1,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Northern Trust Corp increased its holdings in shares of DuPont de Nemours by 16.3% during the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock valued at $376,051,000 after acquiring an additional 690,218 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in DuPont de Nemours by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after purchasing an additional 336,000 shares in the last quarter. Bank of New York Mellon Corp grew its position in DuPont de Nemours by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock valued at $249,961,000 after purchasing an additional 37,327 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in DuPont de Nemours by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock valued at $236,909,000 after purchasing an additional 417,359 shares in the last quarter. Finally, FMR LLC raised its holdings in DuPont de Nemours by 3.2% in the fourth quarter. FMR LLC now owns 2,828,397 shares of the basic materials company's stock worth $215,665,000 after buying an additional 88,479 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Down 2.9%

Shares of DD stock opened at $69.85 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.91 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 cap of $29.23 billion, a P/E ratio of -367.63, a P/E/G ratio of 1.98 and a beta of 1.06. The company has a 50 day simple moving average of $71.00 and a two-hundred day simple moving average of $71.86.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate 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 company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given 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 dividend payout ratio is presently -863.16%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DD. Barclays cut their price target 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. Citigroup increased their target price on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Mizuho boosted their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. UBS Group upped their price target on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Wells Fargo & Company lifted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average target price of $87.50.

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.

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