Meiji Yasuda Asset Management Co Ltd. Decreases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Meiji Yasuda Asset Management Co Ltd. cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,847 shares of the basic materials company’s stock after selling 190 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in DuPont de Nemours were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DD. Norges Bank bought a new stake in DuPont de Nemours in the fourth quarter worth $111,980,000. Gladstone Institutional Advisory LLC raised its position in DuPont de Nemours by 6.6% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 5,239 shares of the basic materials company’s stock valued at $403,000 after purchasing an additional 325 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of DuPont de Nemours by 14.7% in the 4th quarter. Corient Private Wealth LLC now owns 304,594 shares of the basic materials company’s stock worth $23,432,000 after buying an additional 39,121 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of DuPont de Nemours during the 4th quarter worth $797,000. Finally, SageView Advisory Group LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $352,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.2 %

Shares of DD stock opened at $83.34 on Friday. 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 fifty-two week low of $61.14 and a fifty-two week high of $85.12. The firm has a market capitalization of $34.84 billion, a PE ratio of 101.63, a P/E/G ratio of 2.12 and a beta of 1.33. The stock’s 50-day simple moving average is $80.67 and its 200-day simple moving average is $78.43.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $0.85 EPS. Equities analysts expect that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.38 per share. The ex-dividend date was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. DuPont de Nemours’s payout ratio is presently 185.37%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $80.00 to $103.00 in a report on Friday, May 24th. Barclays lifted their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Royal Bank of Canada increased their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, UBS Group upped their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.