Toronto Dominion Bank Acquires 16,748 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Toronto Dominion Bank increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,184 shares of the basic materials company's stock after purchasing an additional 16,748 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of DuPont de Nemours worth $17,094,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $26,000. Aster Capital Management DIFC Ltd grew its position in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after purchasing an additional 302 shares in the last quarter. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at approximately $29,000. Vision Financial Markets LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Up 0.1%

Shares of NYSE:DD traded up $0.07 during trading on Thursday, hitting $67.98. The company had a trading volume of 1,670,752 shares, compared to its average volume of 2,472,514. The stock has a market cap of $28.45 billion, a price-to-earnings ratio of 40.71, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The company has a fifty day simple moving average of $66.89 and a two-hundred day simple moving average of $75.16. 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 (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.79 EPS. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's payout ratio is -863.16%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Royal Bank of Canada cut their price target on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Morgan Stanley cut their price target on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. UBS Group raised their price target on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Barclays cut their price target on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.92.

DuPont de Nemours Company 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.