Blair William & Co. IL cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,962 shares of the basic materials company’s stock after selling 1,676 shares during the period. Blair William & Co. IL’s holdings in DuPont de Nemours were worth $6,436,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board acquired a new stake in DuPont de Nemours during the 4th quarter worth approximately $797,000. Mediolanum International Funds Ltd bought a new stake in shares of DuPont de Nemours in the first quarter valued at about $2,842,000. Red Mountain Financial LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at about $980,000. CIBC Private Wealth Group LLC increased its position 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 acquiring an additional 982 shares during the period. Finally, Beacon Financial Group acquired a new stake in DuPont de Nemours in the 4th quarter worth about $2,310,000. Institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Price Performance
DD stock opened at $83.34 on Friday. The stock has a market cap of $34.84 billion, a price-to-earnings ratio of 101.63, a P/E/G ratio of 2.12 and a beta of 1.33. 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 company has a 50 day simple moving average of $80.67 and a 200 day simple moving average of $78.43. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $85.12.
DuPont de Nemours Announces Dividend
The company also recently disclosed 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 1.82%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on DD shares. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. Barclays upped their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Citigroup decreased their price target 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. Finally, UBS Group upped their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. One investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.
Check Out Our Latest Stock Report on DuPont de Nemours
DuPont de Nemours 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.
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