Drexel Morgan & Co. Acquires 291 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Drexel Morgan & Co. raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 1.9% during the second quarter, HoldingsChannel reports. The fund owned 16,012 shares of the basic materials company’s stock after buying an additional 291 shares during the period. Drexel Morgan & Co.’s holdings in DuPont de Nemours were worth $1,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of 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 worth $3,696,152,000 after acquiring an additional 3,168,740 shares during the period. Putnam Investments LLC increased its holdings in shares of DuPont de Nemours by 3.2% in the 4th quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock worth $399,784,000 after buying an additional 159,438 shares during the last quarter. Mondrian Investment Partners LTD lifted its position in DuPont de Nemours by 9.5% in 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 buying an additional 156,339 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of DuPont de Nemours by 34.0% during 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 buying an additional 391,400 shares during the period. Finally, Norges Bank bought a new position in DuPont de Nemours in the 4th quarter valued at $111,980,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Up 0.4 %

NYSE:DD opened at $83.18 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market cap of $34.78 billion, a P/E ratio of 101.44, a PEG ratio of 2.12 and a beta of 1.33. The stock’s 50 day simple moving average is $80.62 and its 200-day simple moving average is $78.40. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12.

DuPont de Nemours (NYSE:DD) last issued its 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 company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. 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 disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.83%. DuPont de Nemours’s payout ratio is currently 185.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price target for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. 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 research note on Wednesday, May 29th. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $80.00 to $103.00 in a report on Friday, May 24th. Mizuho lifted their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Citigroup dropped their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Company 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.