Vanguard Group Inc. Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Vanguard Group Inc. increased its holdings in DuPont de Nemours, Inc. by 0.6% in the first quarter, acquiring an additional 298,408 shares to own a total of 46,894,623 shares valued at $3.5 billion.
• Several analysts have raised their price targets for DuPont, with JPMorgan Chase & Co. raising it from $78.00 to $93.00 and maintaining an "overweight" rating.
• DuPont de Nemours announced a quarterly dividend of $0.41 per share, set to be paid on September 15th, with a current dividend yield of 2.3%.

Vanguard Group Inc. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 0.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,894,623 shares of the basic materials company's stock after acquiring an additional 298,408 shares during the quarter. Vanguard Group Inc. owned 11.21% of DuPont de Nemours worth $3,502,090,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its holdings in shares of DuPont de Nemours by 479.4% in the fourth 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. Vermillion Wealth Management Inc. acquired a new position in shares of DuPont de Nemours in the fourth quarter worth $28,000. JNBA Financial Advisors increased its position in shares of DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after acquiring an additional 216 shares during the period. Valley National Advisers Inc. raised its stake in shares of DuPont de Nemours by 145.0% in the first 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. Finally, Covestor Ltd raised its stake in shares of DuPont de Nemours by 78.8% in the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 197 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price target for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Citigroup boosted their price target on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, UBS Group raised their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday, July 21st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $87.92.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $70.85 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.91. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The firm has a market capitalization of $29.67 billion, a P/E ratio of -150.75, a P/E/G ratio of 1.96 and a beta of 1.06. The company's fifty day moving average price is $71.22 and its 200 day moving average price is $71.76.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its 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. The business had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. The business's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's payout ratio is presently -348.94%.

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.

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