Royal Bank of Canada Boosts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Royal Bank of Canada boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,497,684 shares of the basic materials company's stock after purchasing an additional 92,225 shares during the period. Royal Bank of Canada owned approximately 0.36% of DuPont de Nemours worth $114,197,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Level Four Advisory Services LLC raised its stake in DuPont de Nemours by 2.8% during the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock worth $357,000 after purchasing an additional 129 shares during the period. Lake Street Advisors Group LLC raised its stake in shares of DuPont de Nemours by 3.2% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock valued at $323,000 after acquiring an additional 132 shares during the period. Global Trust Asset Management LLC raised its stake in shares of DuPont de Nemours by 1.5% in the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock valued at $704,000 after acquiring an additional 133 shares during the period. Avior Wealth Management LLC raised its stake in shares of DuPont de Nemours by 22.7% in the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock valued at $57,000 after acquiring an additional 137 shares during the period. Finally, Hancock Whitney Corp raised its stake in shares of DuPont de Nemours by 2.6% in the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock valued at $429,000 after acquiring an additional 143 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays cut 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 research note on Tuesday, April 29th. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their target price for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. 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. BMO Capital Markets raised their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.15.

DuPont de Nemours Price Performance

Shares of DD stock opened at $68.90 on Tuesday. The firm has a market cap of $28.83 billion, a P/E ratio of 41.26, a P/E/G ratio of 2.15 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The firm has a fifty day moving average of $67.40 and a two-hundred day moving average of $75.35.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's dividend payout ratio is currently -863.16%.

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.

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