Sagefield Capital LP bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 97,542 shares of the basic materials company’s stock, valued at approximately $7,851,000.
Several other institutional investors also recently modified their holdings of DD. SageView Advisory Group LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $352,000. Johnson Financial Group Inc. grew its position in shares of DuPont de Nemours by 47.7% in the 4th quarter. Johnson Financial Group Inc. now owns 796 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 257 shares during the period. Heritage Wealth Advisors grew its position in shares of DuPont de Nemours by 87.8% in the 4th quarter. Heritage Wealth Advisors now owns 742 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 347 shares during the period. Mitchell Sinkler & Starr PA acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $234,000. Finally, Bell & Brown Wealth Advisors LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $2,521,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
DuPont de Nemours Trading Up 0.9 %
Shares of DuPont de Nemours stock opened at $84.08 on Tuesday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The stock has a market cap of $35.15 billion, a P/E 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. The business’s 50 day moving average is $80.80 and its 200-day moving average is $78.75.
DuPont de Nemours Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. UBS Group boosted their target price on 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 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 note on Friday, July 12th. Royal Bank of Canada boosted their target price on 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 target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays boosted 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company 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.
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