DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,884 shares of the basic materials company’s stock after selling 8,084 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of DuPont de Nemours worth $19,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Peoples Bank KS acquired a new stake in DuPont de Nemours during the third quarter worth about $25,000. Cornerstone Planning Group LLC acquired a new stake in DuPont de Nemours during the second quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours during the first quarter worth about $26,000. Nemes Rush Group LLC acquired a new stake in DuPont de Nemours during the second quarter worth about $30,000. Finally, Carmel Capital Partners LLC acquired a new stake in shares of DuPont de Nemours during the third quarter valued at about $36,000. 76.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BMO Capital Markets cut shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $80.00 to $72.00 in a research report on Wednesday, January 24th. Mizuho dropped their price target on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Barclays dropped their price target on shares of DuPont de Nemours from $77.00 to $74.00 and set an “equal weight” rating for the company in a research report on Thursday, November 2nd. Bank of America cut shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and lifted their price objective for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. Finally, Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $76.11.

Check Out Our Latest Stock Report on DD

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $67.68 on Monday. The firm’s fifty day simple moving average is $71.74 and its 200-day simple moving average is $73.09. The stock has a market capitalization of $29.11 billion, a price-to-earnings ratio of 72.77, a PEG ratio of 2.26 and a beta of 1.37. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $78.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73.

DuPont de Nemours (NYSE:DDGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. DuPont de Nemours’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.44 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 29th will be paid a $0.38 dividend. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 2.25%. The ex-dividend date is Wednesday, February 28th. DuPont de Nemours’s payout ratio is currently 154.84%.

DuPont de Nemours Profile

(Free Report)

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 addressing various steps of the manufacturing process.

See Also

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.