Ensign Peak Advisors Inc Trims Stake in DuPont de Nemours, Inc. (NYSE:DD)

Ensign Peak Advisors Inc cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 23.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 993,211 shares of the basic materials company’s stock after selling 306,899 shares during the period. Ensign Peak Advisors Inc owned about 0.24% of DuPont de Nemours worth $79,944,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DD. Norges Bank bought a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $111,980,000. Ontario Teachers Pension Plan Board bought a new position in DuPont de Nemours in the 4th quarter worth $797,000. SageView Advisory Group LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth $352,000. Team Hewins LLC bought a new stake in DuPont de Nemours during the fourth quarter valued at about $382,000. Finally, Skopos Labs Inc. purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at about $466,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.2 %

Shares of DD opened at $83.34 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $80.72 and a 200 day moving average of $78.53. The company has a market cap of $34.84 billion, a PE ratio of 101.63, 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.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion during 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 firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. On average, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders 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 annualized dividend and a dividend yield of 1.82%. DuPont de Nemours’s payout ratio is 185.37%.

Analyst Ratings Changes

DD has been the topic of several recent analyst reports. Barclays lifted their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Royal Bank of Canada boosted 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. UBS Group raised their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. 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. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

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.