DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 13.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 163,998 shares of the basic materials company’s stock after selling 25,321 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in DuPont de Nemours were worth $13,200,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DD. Brighton Jones LLC grew its holdings in DuPont de Nemours by 7.6% during the 2nd quarter. Brighton Jones LLC now owns 4,381 shares of the basic materials company’s stock worth $353,000 after acquiring an additional 309 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of DuPont de Nemours by 47.7% during the 2nd quarter. Intech Investment Management LLC now owns 31,693 shares of the basic materials company’s stock worth $2,551,000 after purchasing an additional 10,232 shares during the last quarter. MQS Management LLC purchased a new position in DuPont de Nemours in the second quarter valued at $468,000. Hsbc Holdings PLC increased its holdings in DuPont de Nemours by 2.2% in the second quarter. Hsbc Holdings PLC now owns 835,601 shares of the basic materials company’s stock valued at $67,238,000 after buying an additional 17,970 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in DuPont de Nemours by 19.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 51,255 shares of the basic materials company’s stock valued at $3,894,000 after buying an additional 8,400 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

NYSE DD opened at $83.18 on Friday. The firm has a market cap of $34.78 billion, a P/E ratio of 101.44, a P/E/G ratio of 2.12 and a beta of 1.33. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $85.12. The business’s 50-day moving average price is $80.62 and its 200 day moving average price is $78.40. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the business posted $0.85 EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on DD shares. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their target price for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. Finally, Citigroup cut 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

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.