Russell Investments Group Ltd. Sells 310,137 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Russell Investments Group Ltd. reduced its stake in DuPont de Nemours, Inc. by 40.4% in the first quarter, now owning 458,445 shares valued at approximately $34.2 million.
• Various institutional investors have adjusted their positions, with Vanguard Group increasing its holdings by 0.6% to nearly $3.5 billion in value.
• DuPont reported $1.12 EPS for the latest quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.41 per share, with a dividend yield of 2.2%.

Russell Investments Group Ltd. lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 40.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 458,445 shares of the basic materials company's stock after selling 310,137 shares during the period. Russell Investments Group Ltd. owned about 0.11% of DuPont de Nemours worth $34,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vermillion Wealth Management Inc. purchased a new position in DuPont de Nemours during the 4th quarter valued at about $28,000. JNBA Financial Advisors grew its stake in DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 216 shares in the last quarter. Valley National Advisers Inc. grew its stake in DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 248 shares in the last quarter. Pinney & Scofield Inc. purchased a new position in DuPont de Nemours during the 4th quarter valued at about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of DuPont de Nemours by 1,770.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 561 shares of the basic materials company's stock valued at $42,000 after buying an additional 531 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

Shares of DD stock traded down $0.53 during trading hours on Friday, reaching $73.09. 2,299,651 shares of the company's stock were exchanged, compared to its average volume of 3,364,407. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The stock has a market capitalization of $30.60 billion, a P/E ratio of -155.51, a P/E/G ratio of 1.82 and a beta of 1.06. The business has a fifty day moving average price of $71.81 and a 200-day moving average price of $71.51. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company's quarterly revenue was up 2.7% compared to the same quarter last year. Analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group boosted their price target on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Barclays lowered their price target on 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. Wells Fargo & Company boosted their price target on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Royal Bank Of Canada boosted their price target on DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

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.