Westend Capital Management LLC Buys Shares of 124,020 DuPont de Nemours, Inc. (NYSE:DD)

Westend Capital Management LLC purchased a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 124,020 shares of the basic materials company's stock, valued at approximately $9,262,000. DuPont de Nemours accounts for 3.5% of Westend Capital Management LLC's portfolio, making the stock its 15th largest holding.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in DuPont de Nemours by 0.8% during 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 acquiring an additional 353,010 shares during the period. Franklin Resources Inc. boosted its position in shares of DuPont de Nemours by 7.5% during the 4th 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 in the last quarter. Northern Trust Corp grew its stake in shares of DuPont de Nemours by 16.3% in 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 last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of DuPont de Nemours by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after purchasing an additional 336,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of DuPont de Nemours by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock worth $236,909,000 after purchasing an additional 417,359 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 0.5%

DuPont de Nemours stock traded down $0.38 during mid-day trading on Friday, hitting $68.90. The company's stock had a trading volume of 2,591,829 shares, compared to its average volume of 2,429,300. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The company has a market cap of $28.84 billion, a PE ratio of -362.64, a price-to-earnings-growth ratio of 1.97 and a beta of 1.05. 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's 50 day moving average is $67.25 and its 200 day moving average is $72.40.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results 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 company had revenue of $3.07 billion for the quarter, compared to the consensus estimate 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 firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. On average, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.38%. DuPont de Nemours's dividend payout ratio is -863.16%.

Analyst Ratings Changes

DD has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Royal Bank Of Canada reduced their price objective on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Barclays decreased their target price 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. KeyCorp upped their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, UBS Group lifted their price target on DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.92.

About DuPont de Nemours

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.