Great Lakes Advisors LLC Increases Position in DuPont de Nemours, Inc. (NYSE:DD)

Great Lakes Advisors LLC grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 18.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 873,167 shares of the basic materials company’s stock after buying an additional 133,377 shares during the quarter. Great Lakes Advisors LLC owned 0.21% of DuPont de Nemours worth $70,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after acquiring an additional 3,168,740 shares in the last quarter. Norges Bank acquired a new position in shares of DuPont de Nemours during the 4th quarter worth about $111,980,000. Jacobs Levy Equity Management Inc. grew its position in shares of DuPont de Nemours by 403.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after buying an additional 1,139,156 shares during the last quarter. Ceredex Value Advisors LLC lifted its stake in DuPont de Nemours by 95.0% in the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after buying an additional 567,732 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of DuPont de Nemours by 34.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after acquiring an additional 391,400 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 2.8 %

Shares of DuPont de Nemours stock traded down $2.24 during midday trading on Friday, hitting $79.14. The company’s stock had a trading volume of 3,029,216 shares, compared to its average volume of 2,658,150. The stock has a 50-day simple moving average of $80.32 and a 200-day simple moving average of $77.69. The firm has a market capitalization of $33.09 billion, a P/E ratio of 96.52, a PEG ratio of 2.23 and a beta of 1.33. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $85.12.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates 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 was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. DuPont de Nemours’s dividend payout ratio is 185.37%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DD. Deutsche Bank Aktiengesellschaft raised their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. Citigroup decreased their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, UBS Group upped their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours 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.