Amalgamated Bank Sells 6,454 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Amalgamated Bank lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,875 shares of the basic materials company’s stock after selling 6,454 shares during the period. Amalgamated Bank’s holdings in DuPont de Nemours were worth $6,751,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DD. Mercer Global Advisors Inc. ADV raised its position in DuPont de Nemours by 4.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 56,662 shares of the basic materials company’s stock valued at $4,553,000 after purchasing an additional 2,276 shares in the last quarter. True Vision MN LLC purchased a new position in shares of DuPont de Nemours during the second quarter valued at $513,000. Wealth Alliance raised its holdings in shares of DuPont de Nemours by 2.5% in the second quarter. Wealth Alliance now owns 6,765 shares of the basic materials company’s stock valued at $545,000 after acquiring an additional 166 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in DuPont de Nemours by 1,337.3% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 164,886 shares of the basic materials company’s stock worth $13,272,000 after acquiring an additional 153,414 shares during the period. Finally, L & S Advisors Inc bought a new position in DuPont de Nemours during the 2nd quarter worth about $2,425,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.4 %

DD stock opened at $83.18 on Friday. The stock has a market capitalization of $34.78 billion, a PE ratio of 101.44, a price-to-earnings-growth 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. 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 firm has a 50 day moving average of $80.62 and a 200 day moving average of $78.40.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped 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. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Barclays boosted their price target on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Mizuho raised their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Citigroup reduced their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently 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.