DuPont de Nemours, Inc. (NYSE:DD) Holdings Cut by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lowered its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 51,637 shares of the basic materials company’s stock after selling 1,186 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in DuPont de Nemours were worth $3,957,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of DuPont de Nemours by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock valued at $3,552,961,000 after buying an additional 353,010 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of DuPont de Nemours by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock valued at $525,683,000 after buying an additional 483,722 shares during the last quarter. Northern Trust Corp raised its holdings in shares of DuPont de Nemours by 16.3% during the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock valued at $376,051,000 after buying an additional 690,218 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of DuPont de Nemours by 10.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company’s stock valued at $260,276,000 after buying an additional 336,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of DuPont de Nemours by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company’s stock valued at $236,909,000 after buying an additional 417,359 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.7%

DuPont de Nemours stock opened at $69.31 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm has a market cap of $29.01 billion, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The firm’s 50 day moving average price is $67.53 and its two-hundred day moving average price is $75.55.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. On average, research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.37%. DuPont de Nemours’s dividend payout ratio (DPR) is -863.16%.

Analysts Set New Price Targets

DD has been the topic of a number of recent analyst reports. KeyCorp lifted their price target on DuPont de Nemours from $81.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. Bank of America raised DuPont de Nemours from an “underperform” rating to a “neutral” rating and cut their price target for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. UBS Group cut their price target on DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, Barclays cut their price target on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.29.

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.