DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Drexel Morgan & Co.

Drexel Morgan & Co. boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,012 shares of the basic materials company’s stock after acquiring an additional 291 shares during the period. Drexel Morgan & Co.’s holdings in DuPont de Nemours were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Ontario Teachers Pension Plan Board purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $797,000. Mediolanum International Funds Ltd acquired a new position in shares of DuPont de Nemours during the first quarter valued at $2,842,000. Red Mountain Financial LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth about $980,000. CIBC Private Wealth Group LLC raised its holdings in DuPont de Nemours by 6.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 15,575 shares of the basic materials company’s stock worth $1,198,000 after purchasing an additional 982 shares in the last quarter. Finally, Beacon Financial Group acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at $2,310,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. Mizuho boosted their target price on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. UBS Group boosted their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Citigroup decreased their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Stock Up 0.4 %

Shares of NYSE:DD opened at $83.18 on Friday. The company has a market capitalization of $34.78 billion, a PE ratio of 101.44, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. The business has a fifty day moving average price of $80.62 and a two-hundred day moving average price of $78.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $85.12.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. Analysts forecast that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.83%. The ex-dividend date was Friday, August 30th. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

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.