BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $6.22 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 12.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,769 shares of the basic materials company’s stock after selling 10,317 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in DuPont de Nemours were worth $6,217,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Legal & General Group Plc raised its stake in shares of DuPont de Nemours by 0.7% in the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after acquiring an additional 25,857 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of DuPont de Nemours by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock valued at $247,501,000 after purchasing an additional 39,189 shares in the last quarter. Swiss National Bank raised its position in DuPont de Nemours by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company’s stock worth $110,583,000 after purchasing an additional 3,200 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in DuPont de Nemours by 3.9% during the 3rd quarter. Ceredex Value Advisors LLC now owns 1,210,472 shares of the basic materials company’s stock worth $107,865,000 after buying an additional 45,308 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in DuPont de Nemours in the 2nd quarter valued at $83,540,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

DD stock opened at $83.72 on Tuesday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The business’s 50-day moving average price is $84.75 and its two-hundred day moving average price is $81.96. The firm has a market cap of $34.99 billion, a PE ratio of 44.06, a P/E/G ratio of 2.00 and a beta of 1.35. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the business posted $0.92 EPS. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 3.91 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 Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. DuPont de Nemours’s payout ratio is 80.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada upped their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted 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. Barclays increased their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Company 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.