Victory Capital Management Inc. Increases Position in DuPont de Nemours, Inc. (NYSE:DD)

Victory Capital Management Inc. grew its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,616 shares of the basic materials company's stock after purchasing an additional 8,933 shares during the period. Victory Capital Management Inc.'s holdings in DuPont de Nemours were worth $12,667,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DD. Norges Bank purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth approximately $146,605,000. Marshall Wace LLP increased its holdings in DuPont de Nemours by 228.8% during the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after purchasing an additional 1,024,075 shares during the period. Assenagon Asset Management S.A. increased its holdings in DuPont de Nemours by 87.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock worth $147,929,000 after purchasing an additional 922,387 shares during the period. Schroder Investment Management Group increased its holdings in DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock worth $86,971,000 after purchasing an additional 756,604 shares during the period. Finally, Northern Trust Corp increased its holdings in DuPont de Nemours by 16.3% during the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after purchasing an additional 690,218 shares during the period. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Morgan Stanley reduced their price objective on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price target for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Barclays cut their price target on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Wells Fargo & Company lifted their price target on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, UBS Group raised their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $88.31.

DuPont de Nemours Stock Performance

DD traded up $1.01 on Friday, reaching $75.81. 2,233,161 shares of the stock were exchanged, compared to its average volume of 2,481,533. The company's 50-day moving average price is $70.56 and its 200 day moving average price is $71.98. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The firm has a market capitalization of $31.72 billion, a PE ratio of -398.97, a PEG ratio of 2.12 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates 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 positive return on equity of 7.58% and a negative net margin of 0.60%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.16%. DuPont de Nemours's payout ratio is currently -863.16%.

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.