1832 Asset Management L.P. Has $29.76 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

1832 Asset Management L.P. decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 13.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 369,740 shares of the basic materials company’s stock after selling 58,126 shares during the quarter. 1832 Asset Management L.P. owned 0.09% of DuPont de Nemours worth $29,760,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DD. Palisade Asset Management LLC bought a new stake in shares of DuPont de Nemours during the 1st quarter valued at $25,000. ESL Trust Services LLC bought a new stake in DuPont de Nemours during the first quarter worth about $26,000. LifeSteps Financial Inc. acquired a new stake in DuPont de Nemours during the first quarter worth about $28,000. Denver PWM LLC acquired a new stake in DuPont de Nemours during the second quarter worth about $28,000. Finally, Fortitude Family Office LLC raised its position in shares of DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after buying an additional 131 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DD shares. Deutsche Bank Aktiengesellschaft increased their price target 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. 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 note on Friday, July 12th. UBS Group upped their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Barclays boosted their target price 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, Royal Bank of Canada increased 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. One 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $84.08 on Tuesday. The stock has a market cap of $35.15 billion, a price-to-earnings ratio of 102.54, a P/E/G ratio of 2.12 and a beta of 1.33. 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, Inc. has a twelve month low of $61.14 and a twelve month high of $85.12. The company’s fifty day moving average is $80.80 and its 200 day moving average is $78.75.

DuPont de Nemours (NYSE:DD) last issued its quarterly 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. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.38 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 185.37%.

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.