DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,221 shares of the basic materials company’s stock after selling 2,472 shares during the quarter. Intech Investment Management LLC’s holdings in DuPont de Nemours were worth $2,604,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Sequoia Financial Advisors LLC raised its position in shares of DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after purchasing an additional 28,553 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in DuPont de Nemours during the 2nd quarter valued at approximately $1,610,000. Jennison Associates LLC raised its holdings in shares of DuPont de Nemours by 2.0% in the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after buying an additional 9,730 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of DuPont de Nemours by 186.5% during the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after buying an additional 56,870 shares during the period. Finally, Appian Way Asset Management LP purchased a new stake in shares of DuPont de Nemours during the second quarter valued at $2,978,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $83.32 on Friday. The firm has a market cap of $34.82 billion, a PE ratio of 43.85, a P/E/G ratio of 1.98 and a beta of 1.35. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $84.64 and a 200 day moving average price of $81.74.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank of Canada raised their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays raised their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

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.