Mitsubishi UFJ Trust & Banking Corp Purchases 1,771 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Mitsubishi UFJ Trust & Banking Corp boosted its position in DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 268,642 shares of the basic materials company’s stock after purchasing an additional 1,771 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of DuPont de Nemours worth $19,767,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in shares of DuPont de Nemours by 31.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 19,215,876 shares of the basic materials company’s stock worth $1,552,260,000 after acquiring an additional 4,586,593 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of DuPont de Nemours by 8,766.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,473,580 shares of the basic materials company’s stock worth $361,375,000 after acquiring an additional 4,423,125 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of DuPont de Nemours by 38.9% in the first quarter. Bank of New York Mellon Corp now owns 6,426,494 shares of the basic materials company’s stock worth $472,862,000 after acquiring an additional 1,798,499 shares during the last quarter. Waverton Investment Management Ltd grew its stake in shares of DuPont de Nemours by 1,269.3% in the first quarter. Waverton Investment Management Ltd now owns 1,195,591 shares of the basic materials company’s stock worth $87,972,000 after acquiring an additional 1,108,274 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of DuPont de Nemours by 10.1% in the fourth quarter. Nuveen Asset Management LLC now owns 8,574,015 shares of the basic materials company’s stock worth $692,609,000 after acquiring an additional 784,566 shares during the last quarter. Institutional investors own 72.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Bank of America cut their target price on DuPont de Nemours from $77.00 to $73.00 in a research note on Wednesday, July 13th. Wells Fargo & Company dropped their price objective on DuPont de Nemours from $83.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Credit Suisse Group dropped their price objective on DuPont de Nemours from $81.00 to $77.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. Barclays dropped their price objective on DuPont de Nemours from $78.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Monday, July 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on DuPont de Nemours from $80.00 to $70.00 in a research report on Wednesday, August 3rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

DuPont de Nemours Stock Down 1.4 %

NYSE DD opened at $57.10 on Wednesday. The stock’s 50-day moving average price is $57.96 and its 200-day moving average price is $65.70. The company has a quick ratio of 2.12, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. DuPont de Nemours, Inc. has a 52 week low of $52.56 and a 52 week high of $85.16. The company has a market capitalization of $28.60 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.86 and a beta of 1.42.

DuPont de Nemours (NYSE:DDGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.75 by $0.13. DuPont de Nemours had a return on equity of 7.54% and a net margin of 12.35%. The firm had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company earned $1.06 earnings per share. The business’s revenue for the quarter was down 19.7% compared to the same quarter last year. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.35 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, July 29th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, July 28th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 36.26%.

About DuPont de Nemours

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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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

Further Reading

Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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