Vaughan David Investments LLC IL Reduces Position in DuPont de Nemours, Inc. (NYSE:DD)

Vaughan David Investments LLC IL reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,947 shares of the basic materials company’s stock after selling 229 shares during the period. Vaughan David Investments LLC IL’s holdings in DuPont de Nemours were worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after buying an additional 3,168,740 shares in the last quarter. Putnam Investments LLC raised its position in shares of DuPont de Nemours by 3.2% during the 4th quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock worth $399,784,000 after acquiring an additional 159,438 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of DuPont de Nemours by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock worth $200,192,000 after acquiring an additional 101,203 shares in the last quarter. Mondrian Investment Partners LTD lifted its stake in DuPont de Nemours by 9.5% during the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock worth $137,995,000 after purchasing an additional 156,339 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in DuPont de Nemours by 34.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after purchasing an additional 391,400 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.5 %

DuPont de Nemours stock opened at $79.91 on Thursday. The stock has a 50 day moving average of $80.35 and a two-hundred day moving average of $77.97. 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 capitalization of $33.41 billion, a price-to-earnings ratio of 97.45, a PEG ratio of 2.10 and a beta of 1.33. 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 (NYSE:DD) last issued its quarterly 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 firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. As a group, research analysts expect that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.90%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup reduced their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. UBS Group raised their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Mizuho boosted their target price on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Barclays upped their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

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.