Vanguard Personalized Indexing Management LLC Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Vanguard Personalized Indexing Management LLC increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 19.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,255 shares of the basic materials company’s stock after purchasing an additional 8,400 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in DuPont de Nemours were worth $3,894,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Palisade Asset Management LLC purchased a new stake in shares of DuPont de Nemours in the 1st quarter worth approximately $25,000. ESL Trust Services LLC purchased a new stake in DuPont de Nemours during the first quarter worth $26,000. LifeSteps Financial Inc. bought a new stake in DuPont de Nemours during the 1st quarter valued at $28,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours in the 2nd quarter valued at $28,000. Finally, Cassady Schiller Wealth Management LLC increased its holdings in shares of DuPont de Nemours by 153.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 261 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group raised their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Royal Bank of Canada lifted their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays boosted their price target on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. Finally, Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $83.18 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The stock has a market capitalization of $34.78 billion, a price-to-earnings ratio of 101.44, a PEG ratio of 2.12 and a beta of 1.33. The firm’s 50 day simple moving average is $80.62 and its 200-day simple moving average is $78.40. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $85.12.

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

DuPont de Nemours Dividend Announcement

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