Toronto Dominion Bank Boosts Position in 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% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,184 shares of the basic materials company's stock after acquiring an additional 16,748 shares during the period. 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 hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of DuPont de Nemours by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock worth $3,552,961,000 after buying an additional 353,010 shares in the last quarter. Franklin Resources Inc. lifted its position in DuPont de Nemours by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock valued at $525,683,000 after purchasing an additional 483,722 shares during the period. Northern Trust Corp lifted its position in 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 purchasing an additional 690,218 shares during the period. Price T Rowe Associates Inc. MD lifted its position in DuPont de Nemours by 10.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock valued at $260,276,000 after purchasing an additional 336,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in DuPont de Nemours by 15.5% during the fourth 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 during the period. Institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DD. Royal Bank of Canada reduced their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their target price for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Citigroup reduced their target price on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley reduced their target price on shares of 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.92.

DuPont de Nemours Trading Down 3.2%

Shares of DuPont de Nemours stock traded down $2.20 during trading on Friday, hitting $66.78. The stock had a trading volume of 4,732,197 shares, compared to its average volume of 2,416,471. The firm's fifty day simple moving average is $65.86 and its 200-day simple moving average is $74.36. The stock has a market cap of $27.95 billion, a PE ratio of 39.99, a PEG 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 12 month low of $53.77 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm 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 business's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.46%. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

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.