Sagefield Capital LP Invests $7.85 Million in DuPont de Nemours, Inc. (NYSE:DD)

Sagefield Capital LP bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 97,542 shares of the basic materials company’s stock, valued at approximately $7,851,000.

Several other institutional investors also recently modified their holdings of DD. SageView Advisory Group LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $352,000. Johnson Financial Group Inc. grew its position in shares of DuPont de Nemours by 47.7% in the 4th quarter. Johnson Financial Group Inc. now owns 796 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 257 shares during the period. Heritage Wealth Advisors grew its position in shares of DuPont de Nemours by 87.8% in the 4th quarter. Heritage Wealth Advisors now owns 742 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 347 shares during the period. Mitchell Sinkler & Starr PA acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $234,000. Finally, Bell & Brown Wealth Advisors LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $2,521,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Trading Up 0.9 %

Shares of DuPont de Nemours stock opened at $84.08 on Tuesday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The stock has a market cap of $35.15 billion, a P/E ratio of 102.54, a P/E/G ratio of 2.12 and a beta of 1.33. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $80.80 and its 200-day moving average is $78.75.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts predict that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group boosted their target price on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Royal Bank of Canada boosted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays boosted their target price 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. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.