DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,481 shares of the basic materials company’s stock after selling 2,813 shares during the period. Elo Mutual Pension Insurance Co’s holdings in DuPont de Nemours were worth $2,936,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in DuPont de Nemours in the 4th quarter worth approximately $111,980,000. Gladstone Institutional Advisory LLC lifted its stake in shares of DuPont de Nemours by 6.6% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 5,239 shares of the basic materials company’s stock worth $403,000 after buying an additional 325 shares during the period. Corient Private Wealth LLC grew its holdings in shares of DuPont de Nemours by 14.7% during the fourth quarter. Corient Private Wealth LLC now owns 304,594 shares of the basic materials company’s stock valued at $23,432,000 after buying an additional 39,121 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $797,000. Finally, Cassady Schiller Wealth Management LLC increased its position in shares of DuPont de Nemours by 153.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 261 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup lowered their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Royal Bank of Canada lifted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $80.00 to $103.00 in a report on Friday, May 24th. Barclays lifted 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 research note on Tuesday, May 28th. Finally, UBS Group upped their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Stock Up 0.4 %

DD stock opened at $83.18 on Friday. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $85.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The firm’s fifty day moving average is $80.62 and its 200 day moving average is $78.40. The firm has a market cap of $34.78 billion, a PE ratio of 101.44, a P/E/G ratio of 2.12 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (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 for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts forecast that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.38 dividend. 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 presently 185.37%.

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.