Mercer Global Advisors Inc. ADV Purchases 2,276 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Mercer Global Advisors Inc. ADV boosted its position in DuPont de Nemours, Inc. (NYSE:DD) by 4.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 56,662 shares of the basic materials company’s stock after purchasing an additional 2,276 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in DuPont de Nemours were worth $4,553,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours during the 1st quarter worth approximately $25,000. ESL Trust Services LLC bought a new position in DuPont de Nemours during the first quarter worth $26,000. LifeSteps Financial Inc. bought a new position in DuPont de Nemours during the first quarter worth $28,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours in the second quarter valued at $28,000. Finally, Fortitude Family Office LLC raised its position in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.2 %

Shares of DuPont de Nemours stock opened at $83.34 on Friday. 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 12-month low of $61.14 and a 12-month high of $85.12. The company has a market capitalization of $34.84 billion, a price-to-earnings ratio of 101.63, a PEG ratio of 2.12 and a beta of 1.33. The firm’s 50-day moving average price is $80.72 and its two-hundred day moving average price is $78.53.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.05 billion. During the same period last year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts forecast that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Wall Street Analyst Weigh In

DD has been the subject of several research analyst reports. 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. Deutsche Bank Aktiengesellschaft upped their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. UBS Group increased their target price 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. Barclays boosted their price target on 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, Royal Bank of Canada increased their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One equities research 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 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.