USS Investment Management Ltd lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,177 shares of the basic materials company's stock after selling 25,157 shares during the quarter. USS Investment Management Ltd's holdings in DuPont de Nemours were worth $5,428,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at $26,000. Aster Capital Management DIFC Ltd raised its position in DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Byrne Asset Management LLC bought a new stake in DuPont de Nemours during the 4th quarter valued at $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours during the 4th quarter valued at $31,000. Finally, Golden State Wealth Management LLC bought a new stake in DuPont de Nemours during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 73.96% of the company's stock.
Wall Street Analyst Weigh In
DD has been the subject of a number of research analyst reports. UBS Group lifted their target price on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Royal Bank of Canada decreased their target price on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Mizuho decreased their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their target price for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Finally, BMO Capital Markets lifted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.92.
Get Our Latest Stock Analysis on DuPont de Nemours
DuPont de Nemours Stock Down 0.9%
NYSE:DD traded down $0.65 during mid-day trading on Wednesday, hitting $68.63. 711,426 shares of the company's stock traded hands, compared to its average volume of 2,409,142. The company has a fifty day moving average of $66.35 and a 200 day moving average of $74.73. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a market capitalization of $28.72 billion, a P/E ratio of 41.07, 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 quick ratio of 0.88 and a current ratio of 1.33.
DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results 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. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the company posted $0.79 EPS. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.
DuPont de Nemours Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's dividend payout ratio is currently -863.16%.
About DuPont de Nemours
(
Free Report)
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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