Blair William & Co. IL Sells 1,676 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Blair William & Co. IL cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,962 shares of the basic materials company’s stock after selling 1,676 shares during the period. Blair William & Co. IL’s holdings in DuPont de Nemours were worth $6,436,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board acquired a new stake in DuPont de Nemours during the 4th quarter worth approximately $797,000. Mediolanum International Funds Ltd bought a new stake in shares of DuPont de Nemours in the first quarter valued at about $2,842,000. Red Mountain Financial LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at about $980,000. CIBC Private Wealth Group LLC increased its position in DuPont de Nemours by 6.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 15,575 shares of the basic materials company’s stock worth $1,198,000 after acquiring an additional 982 shares during the period. Finally, Beacon Financial Group acquired a new stake in DuPont de Nemours in the 4th quarter worth about $2,310,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD stock opened at $83.34 on Friday. The stock has a market cap of $34.84 billion, a price-to-earnings ratio of 101.63, a P/E/G ratio of 2.12 and a beta of 1.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The company has a 50 day simple moving average of $80.67 and a 200 day simple moving average of $78.43. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $85.12.

DuPont de Nemours (NYSE:DD) last announced its quarterly 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 company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on DD shares. Royal Bank of Canada raised their target price on shares of 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 DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. Barclays upped their target price 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. Citigroup decreased their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, UBS Group upped 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 report on Wednesday, May 29th. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours 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.