DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by United Services Automobile Association

United Services Automobile Association cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,999 shares of the basic materials company’s stock after selling 357 shares during the period. United Services Automobile Association’s holdings in DuPont de Nemours were worth $966,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Principal Securities Inc. bought a new position in DuPont de Nemours in the 4th quarter valued at about $156,000. Dimensional Fund Advisors LP boosted its holdings in shares of DuPont de Nemours by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock valued at $200,192,000 after acquiring an additional 101,203 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of DuPont de Nemours by 0.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 38,174 shares of the basic materials company’s stock valued at $2,937,000 after acquiring an additional 215 shares during the period. Ieq Capital LLC raised its holdings in DuPont de Nemours by 11.1% during the fourth quarter. Ieq Capital LLC now owns 14,268 shares of the basic materials company’s stock worth $1,098,000 after purchasing an additional 1,423 shares in the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in DuPont de Nemours by 5.9% in the fourth quarter. Checchi Capital Advisers LLC now owns 4,666 shares of the basic materials company’s stock worth $359,000 after purchasing an additional 259 shares during the period. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DD shares. Royal Bank of Canada boosted their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. 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 report on Wednesday, May 29th. Mizuho lifted their price objective on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $103.00 in a report on Friday, May 24th. Finally, Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and raised their target price for the stock from $78.00 to $101.00 in a report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Trading Down 0.1 %

NYSE DD opened at $79.51 on Wednesday. The firm’s 50 day moving average price is $80.33 and its two-hundred day moving average price is $77.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $85.12. The stock has a market cap of $33.24 billion, a price-to-earnings ratio of 96.96, a PEG ratio of 2.10 and a beta of 1.33.

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 the consensus estimate 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 firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. DuPont de Nemours’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

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.