DuPont de Nemours, Inc. (NYSE:DD) Stock Holdings Lessened by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,847 shares of the basic materials company’s stock after selling 190 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in DuPont de Nemours were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

DuPont de Nemours Trading Up 0.2 %

Shares of DuPont de Nemours stock opened at $83.34 on Friday. The stock has a market capitalization of $34.84 billion, a P/E ratio of 101.63, a P/E/G ratio of 2.12 and a beta of 1.33. The stock’s 50-day simple moving average is $80.67 and its 200 day simple moving average is $78.43. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week 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.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share 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 company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the prior year, the business earned $0.85 earnings per share. DuPont de Nemours’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.82%. DuPont de Nemours’s payout ratio is presently 185.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DD. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Royal Bank of Canada upped their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays increased their price target on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Finally, UBS Group boosted their price objective on shares of 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 analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.