Dimensional Fund Advisors LP Sells 16,591 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Dimensional Fund Advisors LP lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,638,814 shares of the basic materials company’s stock after selling 16,591 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.63% of DuPont de Nemours worth $212,393,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours in the 1st quarter worth about $25,000. ESL Trust Services LLC bought a new stake in DuPont de Nemours in the first quarter worth approximately $26,000. LifeSteps Financial Inc. bought a new stake in DuPont de Nemours in the first quarter worth approximately $28,000. Denver PWM LLC acquired a new position in DuPont de Nemours in the second quarter valued at approximately $28,000. Finally, Cassady Schiller Wealth Management LLC boosted its holdings in shares of DuPont de Nemours by 153.5% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after buying an additional 261 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.0 %

DD stock opened at $82.85 on Thursday. The firm has a market capitalization of $34.64 billion, a PE ratio of 101.04, 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 stock’s 50 day moving average is $80.62 and its 200-day moving average is $78.40.

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, beating analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. DuPont de Nemours’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. Sell-side analysts expect that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.83%. The ex-dividend date was Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analyst Upgrades and Downgrades

DD has been the subject of several research analyst reports. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays upped their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their target price for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Finally, UBS Group upped their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.