Vontobel Holding Ltd. Buys 2,315 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Vontobel Holding Ltd. grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,533 shares of the basic materials company’s stock after buying an additional 2,315 shares during the period. Vontobel Holding Ltd.’s holdings in DuPont de Nemours were worth $2,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of DuPont de Nemours by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,260,597 shares of the basic materials company’s stock valued at $166,397,000 after buying an additional 247,720 shares during the period. Affinity Wealth Management LLC increased its position in shares of DuPont de Nemours by 42.9% in the first quarter. Affinity Wealth Management LLC now owns 5,149 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 1,547 shares during the last quarter. Citizens Financial Group Inc RI increased its position in shares of DuPont de Nemours by 1.2% in the first quarter. Citizens Financial Group Inc RI now owns 14,636 shares of the basic materials company’s stock worth $1,077,000 after purchasing an additional 176 shares during the last quarter. Tyler Stone Wealth Management increased its position in shares of DuPont de Nemours by 5.9% in the first quarter. Tyler Stone Wealth Management now owns 5,878 shares of the basic materials company’s stock worth $433,000 after purchasing an additional 327 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of DuPont de Nemours by 2.4% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 13,902 shares of the basic materials company’s stock worth $1,023,000 after purchasing an additional 325 shares during the last quarter. 72.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DD shares. Credit Suisse Group decreased their price objective on shares of 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. Wells Fargo & Company decreased their price objective on shares of 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. Barclays decreased their price objective on shares of 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. Royal Bank of Canada reduced their price target on shares of DuPont de Nemours from $81.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. Finally, Citigroup increased their price target on shares of DuPont de Nemours from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

DuPont de Nemours Stock Performance

NYSE:DD opened at $57.43 on Friday. The firm has a market cap of $28.77 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.75 and a beta of 1.43. DuPont de Nemours, Inc. has a fifty-two week low of $52.56 and a fifty-two week high of $85.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.12 and a current ratio of 2.55. The business has a 50 day moving average price of $57.80 and a 200-day moving average price of $64.61.

DuPont de Nemours (NYSE:DDGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.26 billion. DuPont de Nemours had a return on equity of 7.54% and a net margin of 12.35%. The business’s quarterly revenue was down 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, July 29th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, July 28th. DuPont de Nemours’s payout ratio is 36.26%.

DuPont de Nemours Profile

(Get Rating)

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.

Recommended Stories

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

Receive News & Ratings for DuPont de Nemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont de Nemours and related companies with MarketBeat.com's FREE daily email newsletter.