Nomura Asset Management Co. Ltd. Has $35.97 Million Holdings in DuPont de Nemours, Inc. $DD

Nomura Asset Management Co. Ltd. raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 33.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,356 shares of the basic materials company’s stock after purchasing an additional 132,427 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in DuPont de Nemours were worth $35,966,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock worth $382,000 after buying an additional 822 shares during the last quarter. Victory Capital Management Inc. grew its position in DuPont de Nemours by 5.6% in the first quarter. Victory Capital Management Inc. now owns 169,616 shares of the basic materials company’s stock worth $12,667,000 after acquiring an additional 8,933 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in DuPont de Nemours by 299.7% in the first quarter. J.W. Cole Advisors Inc. now owns 19,377 shares of the basic materials company’s stock worth $1,447,000 after acquiring an additional 14,529 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of DuPont de Nemours by 4.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 32,240 shares of the basic materials company’s stock worth $2,408,000 after purchasing an additional 1,348 shares during the last quarter. Finally, Wealth Alliance LLC raised its holdings in shares of DuPont de Nemours by 7.7% during the 1st quarter. Wealth Alliance LLC now owns 6,991 shares of the basic materials company’s stock valued at $522,000 after purchasing an additional 502 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Steven P. Larrabee sold 43,208 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the transaction, the senior vice president owned 38,585 shares in the company, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on DD. BMO Capital Markets reduced their price objective on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Thursday, November 13th. Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. UBS Group raised their price objective on DuPont de Nemours to $44.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley decreased their target price on DuPont de Nemours from $80.00 to $44.00 in a research report on Monday, November 10th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.92.

DuPont de Nemours Trading Up 0.2%

DuPont de Nemours stock opened at $38.74 on Wednesday. The business’s 50-day simple moving average is $69.14 and its 200-day simple moving average is $70.71. DuPont de Nemours, Inc. has a 52 week low of $22.50 and a 52 week high of $41.23. The firm has a market capitalization of $16.23 billion, a PE ratio of -82.43, a PEG ratio of 2.49 and a beta of 1.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.

DuPont de Nemours (NYSE:DD) last released its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. The firm had revenue of $3.02 billion for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours announced that its board has authorized a share repurchase program on Thursday, November 6th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 12.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

DuPont de Nemours Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, November 28th. DuPont de Nemours’s dividend payout ratio is presently -43.48%.

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.