Mufg Securities Americas Inc. Buys New Position in DuPont de Nemours, Inc. (NYSE:DD)

Mufg Securities Americas Inc. purchased a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,171 shares of the basic materials company's stock, valued at approximately $471,000.

Other institutional investors also recently made changes to their positions in the company. Choreo LLC raised its holdings in shares of DuPont de Nemours by 23.4% during the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company's stock valued at $3,296,000 after acquiring an additional 8,205 shares during the period. Merit Financial Group LLC increased its stake in shares of DuPont de Nemours by 36.4% during the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock worth $1,410,000 after purchasing an additional 4,939 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of DuPont de Nemours during the 4th quarter worth $1,343,000. Grandfield & Dodd LLC boosted its holdings in shares of DuPont de Nemours by 72.0% during the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock worth $575,000 after buying an additional 3,155 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock worth $218,730,000 after buying an additional 91,108 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DD. UBS Group dropped their price objective on shares of DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley lowered their price objective on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. lifted their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday. KeyCorp lifted their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, BMO Capital Markets lifted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average target price of $85.15.

DuPont de Nemours Price Performance

DD traded down $0.42 during midday trading on Monday, hitting $68.90. The stock had a trading volume of 1,481,907 shares, compared to its average volume of 2,452,761. The company has a market cap of $28.83 billion, a P/E ratio of 41.26, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The business has a fifty day moving average of $67.53 and a 200 day moving average of $75.44. 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, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06.

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 (EPS) for the quarter, topping the consensus estimate 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 return on equity of 7.12% and a net margin of 5.47%. DuPont de Nemours's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, May 30th. 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.