DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 38.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,028 shares of the basic materials company’s stock after selling 55,498 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in DuPont de Nemours were worth $7,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Palisade Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 1st quarter worth approximately $25,000. ESL Trust Services LLC acquired a new position in DuPont de Nemours in the first quarter worth approximately $26,000. LifeSteps Financial Inc. bought a new position in shares of DuPont de Nemours in the first quarter valued at $28,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours during the 2nd quarter valued at $28,000. Finally, Fortitude Family Office LLC boosted its stake in shares of 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 in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Trading Up 0.2 %

NYSE DD opened at $83.34 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $85.12. The firm’s fifty day simple moving average is $80.72 and its 200-day simple moving average is $78.53. The company has a market capitalization of $34.84 billion, a PE ratio of 101.63, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last issued its earnings results 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. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours’s dividend payout ratio is 185.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. 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. Barclays lifted their target price on shares of 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. UBS Group upped their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Citigroup lowered their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

About DuPont de Nemours

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.